How to get loan from Aadhar Card:- Aadhar Card is an identity card certified by the Government of India which is given to residential citizens across the country. Apart from this, it also brings many other benefits for you. If you want to take a loan with the help of Aadhaar card, you need to understand the steps to be followed and the interest rates.
Friends, currently Aadhar card has become necessary for many purposes like paying income tax, availing any government subsidy and etc. However, loan is given against Aadhar Card or Aadhar Card Loan (Aadhaar Card Loan) There is confusion among people about what happens. In this article we will tell you how to take loan from Aadhar Card (Aadhar Card se loan kaise le) and how much loan is available on Aadhar Card.
What is Aadhar Card Loan?
Aadhar Card Loan is a loan process where one can take loan easily and fast by using the verification of his/her Aadhar Card. Be it for personal or business purposes, you do not need to take the help of any bank or lending company to avail Aadhaar card loan. You can get it quickly and easily online or even through mutual fund investments.
Process of taking loan from Aadhar Card
If you want to take loan from Aadhar card, you have to follow the following procedure:
1. Pay Attention: Understand Your Needs
Before you start taking an Aadhar Card loan, you should ensure that your requirements are understood. You have to decide for which micropersonal or commercial business you want to use the loan.
2. Apply
To take loan from Aadhar card, you have to visit your nearestBank Or you will have to apply online on any important website. In this application you will have to provide information like your Aadhar card number, PAN card number, bank account details, certified income statement, etc.
3. Loan Approval and Approval
After you apply online or at the bank branch, the bank will review your application. If your application is completely correct and there are no issues in your eligibility assessment, the bank will approve your loan.
4. Loan amount and interest rate
The loan amount and interest rate are decided by the bank. For this, the bank studies your income, assets, credit score, your ability to repay the loan with interest, etc. Based on your income, the bank will give you a specified interest rate at which you will have to repay the loan.
Eligibility conditions for taking loan from Aadhar card
- The age of the loan taker should be between 21 to 60 years.
- Credit score must be 750 or above.
- Minimum 2 years working experience with current company.
- Rs 15,000 Net monthly salary of.
Documents required to take loan from Aadhar Card
- Duly filled application form with passport size photograph.
- KYC documents
- Identity Proof: Voter ID Card, Aadhar Card, Passport, Driving License.
- Residence Proof: Passport, Utility Bill, Aadhar Card.
- Income Proof: Salary Slip, ITR Return.
- Other important documents required by banks/loan institutions
- Some banks or NBFCs consider your Aadhaar card as primary identity proof, however most lenders consider your credit score,
- Pay attention to factors like paying capacity and job profile.
How many types of loans can be taken from Aadhar Card?
Aadhar card can help you avail various loan schemes. Here some of the main reasons will be discussed:
1. Personal Loan
Aadhar Card is an important document for your personal loans. This can help banks and other loan providers confirm your identity. Banks can give you a personal loan on the basis of Aadhar card.
2. Kisan Credit Card
farmers for farmersCredit Card There is a very important loan scheme. Through Aadhaar card, farmers can verify their identity and can take loan from the bank. With the use of Aadhar Card, farmers are allowed to easily access financial assistance.
3. Home Loan
Through Aadhar card one can apply for a home loan. Your Aadhaar details will be used to verify your identity and the bank will select you for approving your loan. You will have the opportunity to get good interest rates and low paperwork charges with the help of resources created on the basis of your Aadhaar card in your good loan veg.
Where to take loan from Aadhar Card: Options
If you want to take a loan based on Aadhaar card, you can consider the following options:
1. Bank
bank youAadhar card Can provide different types of loans on the basis of. You can go to the nearest bank branch with your Aadhar card and apply for the loan. Although there are many types of loans available in banks, such as personal loan, business loan, etc. Depending on your requirements you can apply for any particular loan.
2. Loan provider company
Using Aadhaar card, you can also take loan from various loan provider companies. You will get the list of loan provider companies through the internet to which you can apply for loan against Aadhar card. For this you will have to fill the online application form and submit the required documents. If your application is accepted, the company will contact you to offer you the loan.
3. Government schemes
The government has launched various schemes aimed at helping the general public deal with the economic crisis. Some schemes require the use of Aadhar card and you can take loans under such schemes. You can apply for the concerned scheme by visiting your nearest government office and have to submit the Aadhar card documents.
Benefits of Aadhar Card Loan
There are various benefits in obtaining a loan. Here are some of the main benefits:
- Easy and fast loan availment
- Less related documents required
- No need to come in contact with the bank or lender from home or any other location
- low processing system
Precautions for taking loan from Aadhar card
You should take some precautions before taking a loan.
- Make sure that your Aadhaar card is verified and there is no damage on it. If your Aadhaar card is facing any kind of error, then you will need to get it corrected.
- Read and understand the loan terms carefully. Know deeply about the terms and conditions of banks or loan providing companies and get answers to every question without any doubt or doubt.
- Keep in mind the repairability of the loan. Verify your loan repayment capacity and related income so that your financial condition does not deteriorate after you apply for savings.
Ending
Taking loan from Aadhaar card offers you various simple options. You can easily take loan through banks, loan provider companies and government schemes. If you need to deal with the financial crisis, you should avail this facility by using your Aadhaar card.
But always take into account the best political decision and your financial situation and needs. Always understand and abide by the terms of your loan and do not get restless, success will be on your way.