Do you need a personal loan? How To Get Instant Cash Through Aadhaar Card | Personal Financial News

New Delhi: Personal loans have never been easier to get thanks to digital technology. The entire process took many days before digitization. People in need of money had to look for family and acquaintances who could lend them the money they needed. The largest personal loans can now be accessed in just 24-48 hours without having to take a day off.

You don’t have to go from bank to bank for information on eligibility requirements, interest rates, and how to apply for and get the best personal loans. You can search for and apply for the best personal loans online. The bank will validate your identity with your Aadhaar card and deposit funds into your account within a few days. But what exactly is KYC? Read on to discover it

KYC stands for Know Your Customer and helps financial organizations fight financial crime, money laundering and proper customer identification. It was introduced in 2004 when the Reserve Bank of India made customer verification mandatory for all banks and financial organizations. Your bank uses it to verify your identity when you apply for a personal loan.

ID card verification, facial verification, address verification, and biometric verification are all part of the KYC process. Your Aadhaar card is the paperwork that allows the bank to check all of this information about you and ensure it is correct. Because the entire process takes place online, it is known as eKYC, or Electronic Know Your Customer.

You must first check your eligibility before applying for a personal loan with your Aadhaar card.

Eligibility for an Aadhaar Card Personal Loan

-Minimum age is 21, maximum is 60.

– Monthly income of Rs. 15,000 is required.

-A total of at least two years of professional experience, including one year with the current employer

-A CIBIL score of 750 or higher

documents required

-Proof of Identity: Aadhaar Card, Voter ID, Driving License or Passport

-Proof of address: Aadhaar card, utility bills or passport

-Evidence of income: payslips, bank statements and ITR

– Passport photos

Online personal loan with Aadhaar Card


You should use a personal loan eligibility calculator to assess your eligibility before applying for a personal loan using your Aadhaar card. This tells you how much of a loan you can get and repay easily. At the same time, you should use a personal loan EMI calculator to calculate your total monthly payment burden. Remember that you get the lowest interest rates with a Bajaj Finserv personal loan.

Choose your amount and term

Apply for the highest amount you qualify for, then use online tools like a personal loan EMI calculator to find the best term for your interest rates and financial situation.


After you have decided on the amount and the term, you need to upload copies of all the documents that the bank requires.

The approved amount will be credited to your account.

The loan amount will be credited to your account within 24-48 hours if your application is approved.

Comments are closed.