Get Personal Loan On NIC Only
Availing a quick and easy loan for urgent financial needs is becoming popular since these types of personal loans don’t require a lot of documentation and can be availed at the time of need.
Usually, you require salary slips and KYC documents to apply for a personal loan but a personal loan on aadhar card only can also be availed with select lenders. When you require a small amount of urgent funds you can apply for a small cash loan on aadhar card which doesn’t require lengthy paperwork.
With Aadhar being one of the mandatory requisites of availing any loan. Many lenders provide instant loan on aadhar card without salary slips. Let’s see how we can avail personal loan on aadhar card only.
Availing a quick and easy loan for urgent financial needs is becoming popular since these types of personal loans don’t require a lot of documentation and can be availed at the time of need.
Usually, you require salary slips and KYC documents to apply for a personal loan but a personal loan on aadhar card only can also be availed with select lenders. When you require a small amount of urgent funds you can apply for a small cash loan on aadhar card which doesn’t require lengthy paperwork.
With Aadhar being one of the mandatory requisites of availing any loan. Many lenders provide instant loan on aadhar card without salary slips. Let’s see how we can avail personal loan on aadhar card only.
Why to avail personal loan on aadhar card only?
A small amount of cash is usually required when you need urgent cash, going through a lengthy process of availing loan can be bothersome. So, to surpass this situation you can easily avail the personal loan on aadhar card only. Since an aadhar card is a mandatory requirement to process a loan as per the Government guidelines as it has all the information related to the KYC of the applicant which can be easily verified online quickly. Therefore the lenders who provide personal loan on aadhar card without salary slip can easily verify the details of the applicant to process the loan.
Process for how to apply for a personal loan on Aadhar card
You can apply for a personal loan with an Aadhar card from selected lenders by following the steps below-
Step 1 – Visit the official website of the lender which gives personal loans on an Aadhar card.
Step 2 – Go to the personal loan page and click on the ‘Apply Online’.
Step 3 – Fill in the online application form with the required details like your personal and professional. Here you need to furnish your Aadhar card details as well.
Step 4 – After successful submission of the online application form. The lender’s representative will contact you for background verification.
Step 5 – Submit the required documents online.
Step 6– Once the verification is done and documents are checked your application will get processed and if approved, the amount will be credited to your bank account.
Many lenders also provide the facility of flexible repayment terms which make it easy on pocket especially when someone is availing a loan on aadhar card for the unemployed.
Eligibility Criteria for Aadhar Card loan-
The eligibility criteria should be fulfilled before applying for the loan to increase the chances of getting loan approval. The eligibility of getting a personal loan on an Aadhar card is listed below-
-The age of the applicant should be 23 to 55 years.
-The credit score should not be less than 750.
-The applicant should be an Indian.
-Should be employed in a private sector/a public sector company or an MNC. -The applicant should fulfill the minimum salary requirements based on the city of residence
The personal loan availed via Aadhar card can be used for an urgent financial crisis such as-
-Renovation of the house
Travelling
-Medical expenses
-Child’s higher education
-Marriage expenses
-Consolidation of debt
Aadhar Card Loan Features
-Aadhaar Card can be used to avail personal loans.
-The rate of interest charged on personal loans availed via Aadhar card can be as low as 10.40%. The rate of interest charged depends on the credit profile of the applicant and the lender’s lending policies.
-This type of loan usually gets approved instantly with an easy and quick online verification process.
-Aadhar card as a complete KYC document for age, photo, identity, address, and citizenship proof.
-Aadhar Card loan can be availed for a period of up to 5 years.
-Like other personal loans, loan availed via Aadhar card doesn’t require collateral.
With quick approvals and no physical documentation required for the personal loan availed with an aadhar card makes it one of the most desirable options to avail small loans.