You all know that the main document is required along with the application for taking a loan in banks. Salary sleep and income proof are necessary for availing a personal loan.
But now all these things will not be needed at all. Now you can also take a personal loan of lakhs of rupees with Aadhar card. Now the bank will not ask you for any collateral or security to take a personal loan. One can easily get a personal loan from the bank on the basis of documents. Even personal loan can be easily taken through Aadhaar or PAN card. Let us know how to take loan from Aadhaar.
Every bank asks for certain documents to know the eligibility of the customer. The most important of these are Aadhar Card and PAN. The bank will ask you for some documents to prove your identity and this work is done through a special process called Know Your Customer or KYC. These documents are sought from banks only under KVC. Aadhar card is said to be the most valid KYC document. It simultaneously presents proof of identity and address. If you want a personal loan through Aadhaar, then you can apply online in banks.
The e-KYC documents have to be uploaded during the application. UIDAI, the agency of Aadhaar, stores the person’s Aadhaar card number, biometric details, name, gender, address, date of birth and photo. So you do not need to provide any hard copy before taking the loan.
Step-by-step how to apply
- Download the mobile app of the bank from which you want to take the loan and whose bank account is in your name or visit the portal of that bank
- You will have to login through the bank’s website or app
- Here you will see the option of loan in which to click on personal loan
- Here you can check whether you are eligible to take a loan or not
- When eligibility is confirmed, click on apply now tab
- Now you will be asked to fill the online application. In this you will be asked for information about personal, employment and profession.
- After doing all this, a bank worker will call you and verify the details.
- You will be asked to upload a copy of Aadhar card
- As soon as Aadhaar and your details are verified by the bank, the loan money will be transferred to your account.
The minimum age limit for availing this facility is 23 years and maximum 60 years. The applicant should be an Indian citizen and should be working in a government, private or multinational company. You must have a good credit score to get the loan. Also, a minimum monthly income limit has been fixed, which the applicant will have to meet.
