How to Apply for Personal Loan Using Aadhar Card in 2021


Your Aadhar Card is a government-issued document that recognises you as a citizen of India. It allots a unique identification number and comprises information such as your demographic and biometric data. In addition to this, it serves as a crucial document for financial proceedings.

An Aadhar card loan is a personal loan that you can borrow by providing a copy of your Aadhar card or verifying details of it to the lender. Aside from the sheer convenience of an Aadhar loan, its other benefits include:

  • No lengthy paperwork
  • Instant sanction once details are verified
  • Nominal interest rates
  • Since it is a widely withheld document, taking out loans is easier for a more significant number of people.
  • A excellent solution for emergency needs for funds
  • Flexible tenures of repayment are available

The points above put into perspective the ease with which one can take loans. Furthermore, this article will explore various layers of this process.

Applying for an Aadhar Card Personal Loan

Applying for a personal loan through your Aadhar card is a simple process that you can fulfil online. All you need to do is go to the official website of the financial institution or loan lender that you are eyeing and navigate the website to look for the Aadhar card personal loan application. You also fill the application form online. Once done, the lender will notify you of your request being approved as soon as possible. Alternatively, customers can also apply for this loan through the mobile apps of their respective financial institutions.

Eligibility Parameters for Application 

Every lender has a set of parameters that need to be met by the loan applicant to avail it. Although Aadhar loans follow a simple procedure, these low-interest personal loans have criteria to assure lenders repayment. This criteria includes:

  • You must be at least 18 years old to avail the loan.
  • Many lenders even hike this up to 21-25 years old as they do not deem individuals under that age mature enough.
  • These loans also have an upper age limit of 65 to 70 years old.
  • Senior citizens above the age of 65-70 are not eligible.
  • You must be a salaried or self-employed person with a steady income.
  • The individual’s earnings should meet the minimum income requirement prescribed by the lender.
  • You require a credit score of 650 and over to qualify for the loan.

If you can meet all the aforementioned eligibility clauses, then a speedy availability of a personal loan is assured.

Documents Required for an Aadhar Card Personal Loan

Alongside meeting the eligibility criteria for availing personal loan, you must submit a few documents to verify further factors such as income, profession, marital status, lifestyle, etc. These documents include the following:

  • A recent, coloured passport size photograph
  • Identity proof
  • Address proof
  • Age proof
  • Income proof
  • Bank statement of the last six months
  • PAN Card

For Aadhar loans, identity proof, address proof and age proof are not always required. This is because the Aadhar card acts as proof of them itself. However, some lenders might ask for these documents for extra verification.

Availing of a personal online loan was never more straightforward than it is today. We want you to see exactly what documents you need and the eligibility criteria so you can determine which loan is best for you. Our EMI calculator also helps you determine your financial capabilities, so you get the most benefits from choosing this loan!


Please enter your comment!
Please enter your name here