Aadhar Card Loan Scheme: Avail ₹2 Lakhs Instantly – Complete Method & Eligibility Criterion

Aadhar Card Loan Yojana is one of the schemes where an individual can get a loan up to ₹2 lakh with very minimal documentation if he/she possesses the Aadhar Card. This scheme is a wonderful way to help individuals in an easy, fast, and smooth way whenever monetary aid is required.

 

Why Aadhar Card Loan?

1. Instant Approval-No Long Waiting Periods

2. Minimum Document-Only Aadhar Card and basic KYC

3. Flexible Amount in Loan-You can borrow between Rs. 1 to Rs. 2 Lakhs

4. Application Online-Don’t go to the bank

5. Low Interest Rate-Starting at just 7.3%

 

How to Obtain Loan through Aadhar Card?

Step 1: Check Your Eligibility

You Must be:

1. An Indian citizen

2. Having a valid Aadhar Card & PAN Card

3. Have a regular and reliable source of income

4. Bank account where the loan can be disbursed.

 

Step 2: Collect Required Documents

You Need:

1. Aadhar Card-Identity proof

2. PAN Card-Financial records

3. Bank statement-last 6 months

4. Source of income-providing proof (salary slip or business income)

5. Passport-size photo

 

Step 3: Make an Online Application for the Loan

1. Official Website-Visit the lender’s portal.

2. Click ‘Apply for Loan’-open application form.

3. Provide Personal Details-Name, Address & Income info.

4. Upload Documents-Attach Aadhar Card, PAN Card & other KYC proof.

5. Submit the Application-Click on Final Submit Button.

 

Aadhar Loan Interest Rate and Repayment

  • Rate of Interest: Starting 7.3% to 12% Varies by Bank.
  • Repayment Period: This period can be defined as flexible ranging from 12 months to a maximum period of 60 months.
  • Processing Time: Loan will be disbursed anywhere between 24 hours of the request and will up to 48 hours after the loan application is complete.

 

Who is Eligible for this Loan?

1. Small Business Owners-Need working capital? Use this loan to grow.

2. Salaried Employees-Managing urgent needs without difficulty.

3. Students-Payment of fees or other educational requirements.

4. Self-employed Individuals-Expansion Funds.

 

Final Words

Aadhar Card Loan Yojana is probably one of the best schemes for emergency finance where an individual would not have to pledge collateral, can complete the entire documentation through submission of an online application, and get a loan of up to 2 Lakhs, which doesn’t get any easier than that!

Apply Now and Get Instant Approval!

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