Eligible people have the quick and easy option to apply for a personal loan at select banks using their Aadhaar card. Check step-by-step guide here.
Eligible people have the quick and easy option to apply for a personal loan at select banks using their Aadhaar card details as the only needed identity proof. Banks do not require any collateral or security for personal loans.
While loans can be applied for with select documents, you can also for personal loans using only Aadhaar or PAN card in a matter of minutes.
Banks require certain documents to verify the identity of individuals applying for a personal loan, in a special process called KYC.
With Aadhaar accepted as proof or identity to facilitate various public and financial services in India, lenders can verify an applicant’s entry with Aadhaar card details like Biometrics. People seeking personal loan can avail the benefit of paper-less application using Aadhaar card. Check out this step-by-step guide:
- Download the mobile app or visit the website of the bank which has your account and where you want to apply for a personal loan.
- Login with your details as per the procedure of the bank
- In the loan category, select the personal loan option
- Ensure that you are eligible to apply for the loan
- Click on the apply now button
- You will be required to fill in details as required by the online application process
- The bank will reach out to you for verification of the details
- You will be asked to upload a copy of your Aadhaar card
- Once your Aadhaar card and other details are verified by the bank account, your loan will be processed
Eligibility for personal loan
Applicants will first need to ensure that they are eligible to apply for this kind of loan. Applications should be between 23 years and 60 years of age, an Indian citizen, working in a private or government firm, and having a qualifying credit score.
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 "How to apply for personal loan using Aadhaar card? Check step-by-step guide")
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