Personal loan Aadhaar card Nowadays the process before taking a loan is very easy. If you are able to take the loan then you don’t need to provide much proof. You have to submit the KYC document to the bank to avail the loan.
Interestingly, you can also apply for a personal loan through Aadhaar card. Aadhaar card is the most important proof for KYC. This works as an address proof along with your ID proof. You get instant personal loan with the help of Aadhaar card. For which you can apply online at home. For which you have to fill an application form and provide e-KYC proof. You do not need to submit hard copies of any evidence.
Method of taking loan through Aadhaar card
First, log in to your bank’s mobile app or website Here you will get the option of ‘Loans’ in which you have to select the ‘Personal Loan’ option and by clicking on it you have to check the eligibility then click on ‘Apply Now‘.
Then one has to fill an application form and fill in one’s personal information such as employment and personal information.
Then you will get a phone call from an employee of the bank, who will check your details and eligibility and after verification your loan will be approved.
The loan amount will be credited to your savings account shortly after approval.
How to get a loan
You must be below 23 years of age to avail the loan. It is very important that you have Indian citizenship and you must be employed in a public, private or multinational company. Your credit score should also be in the loan acceptance criteria. Apart from this you also have to show your minimum monthly income.