Aadhar Card Loan Features
|Application Through Aadhar Card||Personal Loan|
|Personal Loan Offers||Starting from 8.95%|
|Instant Approval Through Aadhar Card||Personal Loan – Fast, Easy and Online verifiable|
|Aadhar Card Documentation For Personal Loan||Single Document For – age, photo, identity, address and citizenship proof.|
|Aadhar Card Loan Tenure||Up-to 5 Years|
|Collateral Required||No, Unsecured Loan|
List of Top Banks and NBFCs Using Aadhar Card as Primary Identity Proof
|Bank Name||Personal Loan||Interest Rate||Aadhar Card Accepted|
|HDFC||Yes||9.99%||Yes – Proof of Identity and Address|
|ICICI Bank||Yes||9.99%||Yes – Proof of Identity and Address|
|State Bank of India||Yes||9.99%||Yes – Proof of Identity and Address|
|Punjab National Bank||Yes||9.99%||Yes – Proof of Identity and Address|
Please note: Other documents are needed as well. Please check all the document required.
What is an Aadhar Card Loan?
An Aadhar card loan is an unsecured financial tool which is provided by the banks to its customers. It helps in reducing documentation as compared to traditional loans. Aadhar Card acts as a paperless E-KYC document which processes the documentation and other criteria with the help of biometric verification. The applicant is only left with financial documents such as salary statements, PAN Card, bank statements to submit for approval of your personal loan.
Impact of Aadhar Card on Personal Loan
When we talk about Personal Loan, it cant be used on covering expenses such as medical expenses, renovation of a house, child’s education or marriage expenditures, etc. It has no end-user restrictions and is one of the best options to avail funds.
If you are looking to apply for a personal loan then, you must submit Know Your Customer (KYC) documents as it is ordered by the Indian government for banks and financial institutions to collect KYC details from the applicants in order to prevent money laundering.
Banks have started accepting e-KYC which has made the process much easy, simple and fast. As the Aadhar contains biometric data of the individuals, the verification process has become exceptionally fast. Ever since the Aadhar cards have been introduced by the Indian Government, lesser documents are required, and the time taken for the loan approval has reduced drastically.
Method to use Aadhar to Apply for Personal Loan Online
The Online process for applying for Personal Loan is very easy and fast. Dialabank allows you to apply for a personal loan online in very quick steps. With the help of Dialabank, one can analyze and compare the best personal loan deals offered by various Banks and NBFCs by following the steps below:
- Visit Dialabank website to check and compare different deals on the personal loan.
- Fill a user-friendly form for a personal loan on the website. Enter your personal details and loan requirements.
- Soon one of our representatives will contact you to verify your details.
- Submit your scanned Aadhar Card and other documents online for further process.
- After verification of documents, the agreed loan amount will be credited to your bank account.
- Meanwhile, if you have any queries please contact on 9878981166
Aadhar Card Loan FAQs
✅ Can an Individual get a loan on an Aadhar card?
Yes, if one has an Aadhar Card, the individual can apply for a personal loan with any bank and apply for the loan.
✅ How much does it cost to apply for an Aadhar card?
Applying and processing of Aadhar card are free. One can download Aadhar Card form from UIDAI website
✅ How to Contact Dialabank to get Aadhar status?
✅ Can an individual get a loan without a PAN card?
If the applicant does not have a PAN card then he or she can submit other documents such as Aadhar Card, Voter ID Card, Driving License, Passport, salary slips, etc.
✅ How can I get an instant loan from an Aadhar card?
Aadhar card contains biometric data of the individuals which eventually makes the verification process faster and simple than the traditional method.