In today’s digital era, getting an instant loan using an Aadhar Card without collateral and minimal documentation has become easier than ever. You can avail a loan ranging from ₹10,000 to ₹10 lakhs for personal, business, or emergency needs. Below is a detailed guide on Aadhar Card Loan Apply Online Process, interest rates, eligibility, and EMI calculation.
Key Features of Aadhar Card Loan
- Loan Amount: ₹10,000 to ₹10,00,000
- Interest Rate: 9% to 24% per annum (varies by bank/NBFC)
- Loan Tenure: 6 months to 60 months
- Processing Fee: 1% to 2% of the loan amount
- No guarantor or collateral required
- Flexible EMI repayment options
- Approval within 24 hours & direct bank transfer
Who Can Apply for an Aadhar Card Loan? (Eligibility Criteria)
- Age Limit: 21 to 60 years
- Must be an Indian citizen
- Minimum Monthly Income: ₹12,000 to ₹20,000
- Credit Score: 650 or above
- Must have a bank account in any Indian bank
- Salaried, self-employed, or business owners can apply
Documents Required for Aadhar Card Loan
- Aadhar Card – Proof of identity and address
- PAN Card – Financial identity proof
- Bank Statement – Last 3 to 6 months
- Salary Slip – If salaried
- Income Tax Return (ITR) – If self-employed
- Passport Size Photograph
How to Apply for Aadhar Card Loan? (Online & Offline Process)
- Online Application Process
- Visit the official website or mobile app of a bank/NBFC
- Click on the “Personal Loan” or “Instant Loan” option
- Enter your name, mobile number, PAN, and Aadhar details
- Select your loan amount and tenure
- Upload KYC documents (Aadhar, PAN, Bank Statement)
- Submit the application – the bank/NBFC will contact you
- After approval, the loan amount is directly credited to your bank account