How to Get a ₹10,000 Loan on Aadhar Card

आधार कार्ड पर ₹10,000 का लोन कैसे प्राप्त करें

Getting a loan has become easier with digital solutions. If you’re looking for a small personal loan, your Aadhar card can help you get it quickly. Let’s explore how you can obtain a ₹10,000 loan using your Aadhar card.

What is a Loan on Aadhar Card?

A loan on Aadhar card refers to a personal loan that you can get by using your Aadhar card as a primary document for identification and KYC (Know Your Customer) verification. Many financial institutions and non-banking financial companies (NBFCs) offer this type of loan.

See More

Benefits of Aadhar Card Loan

Taking a loan with your Aadhar card provides several advantages, such as:

  1. Quick Processing: Since Aadhar verification is digital, the loan approval process is faster.
  2. Minimal Documentation: You don’t need to provide a pile of documents, just your Aadhar card and basic financial details.
  3. Accessibility: Available to a large population as most people in India have an Aadhar card.

Eligibility for ₹10,000 Aadhar Card Loan

To be eligible for this loan, you must meet the following criteria:

  • Age: You should be between 21 and 60 years old.
  • Income Source: You need a steady source of income, whether salaried or self-employed.
  • Credit Score: A good credit score will enhance your chances of approval.
  • Aadhar Linked to Mobile: Your mobile number should be linked to your Aadhar card for OTP verification.

Get Tata Capital 10000 Loan

Steps to Apply for ₹10,000 Loan on Aadhar Card

1. Choose a Lender

Various banks and NBFCs provide small loans using Aadhar cards. Research and select a lender that offers the best interest rates and repayment terms.

2. Fill in the Application Form

Once you have chosen a lender, visit their website or mobile app to start your application. You will need to provide basic details such as your name, mobile number, and income details.

3. Upload Your Documents

The main document you’ll need is your Aadhar card. Some lenders may also ask for income proof or bank statements. Make sure you have these ready.

4. Verification Process

After submitting the required information, the lender will verify your Aadhar card details through an OTP sent to your registered mobile number.

5. Loan Approval

Once the verification is successful, your loan will be approved. The lender will notify you about the approval via email or SMS.

6. Disbursement of Funds

After approval, the loan amount will be credited to your bank account within a few hours or days, depending on the lender.

Documents Required for Aadhar Card Loan

To apply for a ₹10,000 loan using your Aadhar card, you will typically need:

  1. Aadhar Card: For identity proof and verification.
  2. Income Proof: Salary slips, bank statements, or ITR (if applicable).
  3. PAN Card: Sometimes required for financial transactions.
  4. Bank Account Details: To transfer the loan amount.

Interest Rates and Repayment Terms

The interest rates for an Aadhar card loan can vary depending on the lender. Generally, the rates range from 10% to 20% per annum for small loans like ₹10,000. Make sure to check the terms and conditions before applying.

Important Tips for a Successful Loan Application

  • Maintain a Good Credit Score: A healthy credit score increases your chances of approval.
  • Check Your EMI Affordability: Use a loan EMI calculator to ensure the monthly payments fit your budget.
  • Compare Lenders: Don’t rush; compare multiple lenders to get the best interest rates.

Leave a Comment