Top 10 Aadhar Card Loan Apps – Apply Now

Are you looking for an instant Personal loan on Aadhar Card? There are many Aadhar Card Loan apps available in India.

These apps offer personal loans of up to Rs 5 lakhs and use an Aadhar card and other documents for verification. The Aadhar Card is a unique identification card issued by the Indian government to its citizens.

Here, I will talk about the features, benefits, and charges of the Aadhar Card Loan Apps.

To avail of an instant personal loan on Aadhar card, a borrower needs to fulfil the following requirements:

• Must have a valid Aadhar Card: The borrower must have a valid Aadhar Card issued by the Government of India.
• Have a good credit score: To be eligible for an instant personal loan, the borrower must have a good credit score.
• Meet the age and income criteria: The borrower should be above 21 years of age and should have a stable income.

Aadhar Card Loan App Details

Article Topic	Aadhar Card Loan Apps – Instant Personal Loan on Aadhar Card
Interest Rate	Competitive Interest Rate Starts from 12.75% per annum.
Loan Amount	1,000 to 5 lakhs
Tenure Time	3 months to 5 years
Processing Fee	2% to 5% on the loan amount + GST
Age	21 – 60 years

Top 10 Aadhar Card Loan Apps List

Several loan apps in India offer instant personal loans to borrowers using an Aadhar Card as a means of identification and verification. Some of the popular Aadhar Card Loan apps in India include:

Application Name	Credit Limit
MoneyTap – Credit Line & Loans	3,000 to 5 lakhs
Fibe: Personal Loan Online	8,000 to 5 lakhs
Kreditbee: Fast Personal Loan	1,000 to 4 lakhs
PaySense: Personal Loan App	5,000 to 5 lakhs
CASHe Personal Loan App	1,000 to 4 lakhs
NIRA Instant Personal Loan App	5,000 to 1 lakh
mPokket: Instant Loan App	1,000 to 30k
Money View: Personal Loan App	10,000 to 5 lakhs
Home Credit	10,000 to 5 lakhs
Navi Loans & Mutual Funds	10,000 to 5 lakhs
Stanhfin – Credit Line & Loans	1,000 to 5 lakhs

Features of Aadhar Card Loan App

The features of Aadhar card loan apps may vary depending on the platform and the specific loan product. However, some of the features of the Aadhar Card Loan App include

• Fully Digital Process: The entire loan application process is digital, and borrowers can complete the application and verification process online.
• Instant Approval & Disbursement: Once the loan application is approved, the loan amount is instantly disbursed to the borrower’s bank account.
• Minimum Documentation: Aadhar card loan apps require minimum documentation and use an Aadhar card and other digital documents for verification.
• Flexible loan amount: Borrowers can usually choose the required Personal loan amount based on their eligibility and requirements.
• Flexible Repayment Options: This allows borrowers to choose a loan repayment period that suits their financial situation and repayment capacity.
• Competitive interest rates: Aadhar card loan apps usually offer competitive interest rates starting from 12.75% per annum.

Eligibility Criteria for Aadhar Card Loan App

The eligibility criteria for the Aadhar Card Loan App may vary depending on the lender and the specific loan product.

• The borrower must be at least 18 to apply for the loan.
• The borrower should be a citizen of India and have a mobile number linked to an Aadhar card.
• To demonstrate the ability to repay the loan, the borrower must have a steady source of income, whether from a job or business.
• The borrower must have a good credit score.
• There should be an active bank account in the name of the applicants to receive the loan amount.

Documents Required for Instant Personal Lona on Aadhar Card Loan App

The documents required for an instant personal loan on Aadhar Card Loan apps may vary depending on the lender and the specific loan product. However, some documents that borrowers may need to provide include: –

• Aadhar Card: This is the primary document used for verification and identification.
• PAN Card: This is used to verify the borrower’s income and creditworthiness.
• Salary slips or income tax returns (ITR): You will need to provide your income proof, such as salary slips for the last 3 months, bank statements for the last 6 months, or IT returns for the last 2 years (if you are self-employed).
• Address proof: This can be any document that verifies the borrower’s address, such as a utility bill, passport, Aadhar Card, Voter ID, or driver’s license.
• Identity proof: You will need to provide government-issued identity proof, such as a passport, Aadhar card, driving license, or voter ID card.
• Photograph: A passport-size photograph of the borrower may be required for identity verification.

How to Apply for an Instant Personal Loan on Aadhar Card Loan App?

Applying for an instant personal loan on the Aadhar Card Loan Apps is easy. If you meet the eligibility criteria and documentation mentioned above, you can apply for the loan by following a few easy steps:

1. Download the Aadhar Card Loan App from the app store of your smartphone.
2. Register on the app using your mobile number and email id.
3. Provide your Aadhar number to the app and link your Aadhar card with the app. This will be required for the eKYC process.
4. Once your Aadhar is linked, you need to fill in your details like name, age, income, employment status, etc.
5. You will also be asked to provide details of the loan amount and tenure.
6. The app will do an instant credit check based on the information provided. This is to determine your creditworthiness and eligibility for the loan.
7. The app will display the loan offer rate of interest and repayment schedule If you are eligible.
8. If you agree to the loan offer, you will upload your documents, such as your PAN card, bank details, and salary slips.
9. The app will verify your documents and disburse the loan amount to your bank account.

FAQs Related to the Aadhar Card Loan App