Apply Personal Loan on Aadhar Card and Pan Card (2024)

Understand how to apply for a personal loan on an aadhar card and PAN card at low-interest rates with minimum documentation in India.
Apply_Personal_Loan_on_Aadhar_Card_and_Pan_Card
Apply_Personal_Loan_on_Aadhar_Card_and_Pan_Card

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Aadhaar cards and PAN cards are frequently used identification documents to access a range of banking services provided by particular financial institutions, including applying for a personal loan, filing ITRs, receiving government benefits, getting a PAN card, etc.

One of the primary documents needed by the majority of banks and NBFCs for the approval of personal loans is an Aadhaar card and a PAN card. Therefore, the phrase "Aadhaar card personal loan" should not exist. Applicants can obtain instant personal loans against credit cards and fixed deposits but not against Aadhaar or PAN cards. A few people believe they can get a personal loan using their PAN or Aadhar card. However, there is currently no such product in the banking and financial industries.

In addition to any other documents your lender may require, you can submit your Aadhaar card when applying for a personal loan. The fundamental characteristics of personal loans, interest rates, and other relevant topics are also covered. Examine and contrast the loan options provided by renowned banks and NBFCs.

If you are looking for an instant loan, you should consider the following:

Top Features and Benefits of Personal Loan

Personal loans have the following features and benefits:

1. Flexible Loan Amount

A personal loan's adjustable loan amount is its primary advantage. Depending on your needs, you may offer personal loans up to Rs. 5 lakhs.

2. Quick Eligibility Check

The lender will let you know whether you qualify in just two minutes after you visit their website or download their loan app and provide all the necessary information.

3. Collateral Free Loan

To answer the question, How do I get a small cash loan on an Aadhaar Card and another significant benefit? You can apply for a personal loan without pledging any assets or finding a guarantor; such loans are known as collateral-free loans. You can obtain a personal loan without putting up any security, such as a house or car. Only your creditworthiness, determined by factors like your credit score, income, repayment history, employer reputation, etc., will decide whether the loan is approved.

4. Affordable Interest Rate

The low-interest rates of personal loans are another significant advantage of a personal loan. We recognise the value of accessible personal loans. Thus, the lender’s interest rates begin at 1.33% per month.

5. Completely Paperless

A personal loan has many advantages, one of which is the paperless nature of loans obtained using PAN or Aadhar cards.

6. Flexible Repayment Term

Aadhar Card and Pan Card Instant Cash Loan personal loans have a typical repayment period with flexible terms between 12 and 60 months.

7. Loans on Low Credit

An Aadhar Card and Pan Card Instant Cash Loan can be obtained on even low credit scores when secured by an Aadhar and PAN card.

8. 24-hour Disbursal

A personal loan's disbursement may occur within a few hours after the application is accepted. The turnaround time could be as short as a few minutes if you get a pre-approved loan offer.

Application Process For A Personal Loan On Aadhar Card And Benefits Of Applying 

The steps for submitting an Aadhar card personal loan application are as follows:

1. Check Eligibility

Just enter a few simple details to quickly and easily determine your eligibility.

2. Choose The Loan Term

Another step is to select the loan amount and repayment period of the personal loan.

3. Upload Documents

After that, you are required to upload documents for verification of your income and then complete your KYC.

4. Amount Disbursed

Within minutes, your bank account will be transferred with the required amount.

Interest Rates And Other Charges For Aadhaar Card And PAN Card Instant Loan

With the help of online lenders, you can quickly obtain a loan using your PAN or Aadhaar card at low-interest rates with no additional fees. Depending on your eligibility you can borrow as little as Rs. 5,000 or as much as Rs. 5,00,000 depending on your eligibility. Other fees that may apply are listed below.

Fees and Charges

Amount Chargeable

Interest Rate

It starts from 1.33% per month

Loan Processing Charges

Varies between 2% and 8% of the loan's approved amount. The processing fee is taken out of the approved loan upfront

Cheque Bounce

Rs.500/- each time

Interest in Overdue EMIs

2% of the past-due EMI or principal loan amount each month

Loan Cancellation

Additionally, processing charges will be kept.

No extra or unforeseen fees were assessed. 

Documents Required For Aadhaar And Pan Card Loan

Can I take a personal loan on an Aadhaar Card? Aadhar Card and Pan Card Instant Cash Loan are easy to get, YES. The following paperwork is required to apply for a personal loan:

For Salaried Applicants:

ID Verification (Any 1)

PAN Card (This is the essential ID document needed. Any legally acceptable documents listed below will do if rejected for this reason or another, but only if it is due to poor image quality.

  • The Aadhaar Card
  • A valid passport 
  • A Valid voter identification
  • A current driver's licence

Address Proof (Any 1)

  • Aadhaar Card
  • Valid Indian Passport
  • Valid Driver’s License
  • Utility Bills (Electricity, Water, Gas) dated within the last 60 days
  • Income Proof
  • Valid Voter ID
  • Detailed bank statements of your salary account for the last three months in PDF format

2. Documents For Self-Employed:

Identity Proof (Any 1):

PAN Card (This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any officially valid documents given below will suffice).

  • Aadhaar Card
  • Valid Indian Passport
  • Valid Driver’s License
  • Valid Voter ID

Address Proof (Any 1):

  • Aadhaar Card
  • Valid Indian Passport
  • Utility Bills (Electricity, Water, Gas) dated within the last 60 days
  • Valid Voter ID
  • Valid Driver’s License
  • Income Evidence

Submit the following file:

  1. The last three months' bank statements are in PDF format.
  2. Please make sure the documents on the above list are legitimate when you submit your loan application.
  3. The process is convenient, quick, and hassle-free because all required documents can be uploaded online. However, ensure all details are visible when uploading the documents.
  4. Additionally, the documentation needed will be minimal if you successfully pass the KYC procedure during the application flow.

Eligibility Criteria For Online Loan Without PAN Card And Aadhar Card

The following are the requirements for a personal loan without PAN and Aadhar cards:

  • The candidate must be an Indian citizen.
  • The candidate must be between the ages of 21 and 60.
  • Their credit score must be 750 or higher.
  • Work experience of at least two years is required.
  • With at least one year spent at the current employer.

Frequently Asked Questions

These are some of the most common questions about Aadhar Cards and Pan Cards Instant Cash Loans:

1. How can you avail of an Instant loan on an Aadhar card or pan card?

You can apply for an instant personal loan from online lenders by presenting your PAN card or Aadhaar card as proof of identity. The interest rates are reasonable, and the loan is disbursed 24 hours after approval.

2. Can you avail student loan on an Aadhar card?

Without a PAN card, you can still apply for a student loan. You may provide a copy of your passport or Aadhaar card as photo identity proof.

3. How can we know my PAN card loan amount?

Checking your credit report is the simplest way to determine whether a loan has been disbursed using your PAN card. All credit cards and loans issued in your name are listed on your credit report. As a result, you will be able to determine whether any loans were made without your consent.

Conclusion

Personal loans are more straightforward to qualify for and apply for than home and auto loans. They can be used for anything, from expensive purchases to minor home improvements. Although almost anything can be done with money, it's best only to borrow what you need for purposes that will significantly impact your life or finances. In this article, you can find the most frequently asked questions about how to get Rs. 50,000 loans from my Aadhar card. Feel free to contact us if you have questions about Aadhar Card and Pan Card Instant Cash Loans.

Apply for a loan today!

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