How to Get a Personal Loan Using an Aadhaar Card

How to Get a Personal Loan Using an Aadhaar Card?
If you need funds for marriage, medical emergencies, education, travel, or any other personal expenses, you can apply for a personal loan using your Aadhaar card. This is an unsecured loan, meaning you don’t need to provide any collateral.

Eligibility Criteria:

The applicant’s age should be between 21 to 60 years.
Must have a regular monthly income (salaried or self-employed).
Aadhaar card should be linked to a bank account.
A good credit score (650+ CIBIL) is required.

Required Documents:

Aadhaar Card (for identity and address proof)
PAN Card
Income Proof (Salary Slips / Bank Statement / ITR)
Bank Passbook and Cheque Book
Passport Size Photo

Process to Get a Personal Loan with Aadhaar Card:

Choose a bank or loan app – Select a trusted bank or digital loan platform (e.g., Bajaj Finserv, KreditBee, Navi, MoneyView).
Apply Online – Visit the website or app and fill in details like Aadhaar card, PAN card, and income proof.
Upload Documents – Scan and upload the necessary documents.
Loan Approval & Disbursement – Once approved, the loan amount is credited to your bank account within 10 minutes to 24 hours.

How to Get a Business Loan Using an Aadhaar Card?

If you want to expand your business and need funding, a business loan through your Aadhaar card is a great option. Many banks and NBFCs (Non-Banking Financial Companies) offer ₹50,000 to ₹10 lakh without excessive paperwork.

Eligibility Criteria:

Age should be between 21 to 65 years.
Business should be at least 2 years old.
GST registration and bank statements are required.
Minimum annual turnover of ₹1.5 lakh.

Required Documents:

Aadhaar Card and PAN Card
Business Registration Certificate (GST Number, Shop Registration, License)
Bank Statements (Last 6-12 months)
Income Tax Returns (ITR)
Business Address Proof

Process to Get a Business Loan with Aadhaar Card:

Choose a Loan Provider – Banks like SBI, HDFC, ICICI, Bank of Baroda, or digital NBFCs.
Apply Online or Offline – Fill in the application form.
Submit Documents – Upload Aadhaar card, PAN card, business bank statements, etc.
Loan Approval – If all documents are verified, the loan is approved within 24-48 hours.

Benefits of Taking a Loan Using an Aadhaar Card Fast and Easy Process – The process is fully digital and paperless.
No Collateral Needed – For personal loans, no assets need to be mortgaged.
Minimal Documentation – Loans can be availed with just an Aadhaar and PAN card.
Direct Bank Transfer – The loan amount is credited within minutes after approval.
Lower Interest Rates – Applicants with good credit scores get lower interest rates.
Platforms to Get an Aadhaar Card Loan