Availing A Personal Loan With Just Your Aadhaar Card

Availing A Personal Loan With Just Your Aadhaar Card

Whatever your emergency is, you can now avail a personal loan without running from pillar to post. Thanks to digitalisation, the entire personal loan process is cut short to 24 to 48 hours. You can find the best personal loans online and apply for them online.


It is now possible to get a personal loan with just your aadhaar card. Your KYC will be verified by the lender with your Aadhaar card and approves an Aadhaar card loan. Once it is approved, the money will be transferred to your account within 1 -2 days.

What is KYC?

KYC is the acronym for Know Your Customer. KYC was introduced in 2004 by the Reserve Bank of India and made it mandatory for all the financial institutions and banks to verify KYC documents of their customers. This will help them fight money laundering and other financial crimes and establish accurate customer identification.

KYC comprises:

  • Face verification 
  • Identity card verification
  • Address verification
  • Biometric verification

The entire process is an online procedure, and hence, it is called eKYC. To ensure that your information is authentic, the bank verifies all these things about you using your Aadhaar card. When applying for a personal loan, your lender uses it to validate your identity.

If you want to apply for an Aadhaar card loan, you must fulfil specific eligibility criteria.

Eligibility Criteria For An Aadhaar Card Loan

  • Age limit: Minimum – 21 years and Maximum – 60 years
  • Monthly income should be more than Rs. 15000
  • Work experience: At least 2 years, including 1 year with the current employer
  • Credit/CIBIL Score: 750 or above

Documents Required For An Aadhaar Card Loan

Here is the personal loan documents list you should have with you to check the documents required. 

  • Identity proof
  • Address proof
  • Income proof – salary slip/ITR/bank statements
  • Passport size photographs

Things To Remember Before Applying For An Aadhaar Card Loan

  • Know your eligibility

Use a personal loan eligibility calculator to check your eligibility online before applying for an Aadhaar card loan. You will get to know the loan amount you can opt for and comfortably repay. With a personal loan EMI calculator, you must check your potential EMIs to determine your overall monthly burden. 

  • Loan amount and tenor

The loan tenor and amount you choose should be ideal for your financial situation. As the tenor is shorter, the monthly EMI you have to pay gets smaller. 

  • Documents required

Once you decide the amount and tenor, you have to upload all documents from the personal loan documents list provided by the lender.

  • Transfer time

If your loan application is approved, your account will be credited with the requested loan amount within 24-48 hours.

Bajaj MARKETS is a trusted platform, and you can use this platform to avail of a personal loan with an Aadhaar card from partner banks. However, we recommend checking offers from different banks online to get the lowest possible interest rate.

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