Getting a personal loan is a long and hectic process, requiring you to go to your bank and filling multiple forms. But, now you can get a 10,000 loan on Aadhar card, without having to go to your bank. The loan amount for these personal loans ranges from 10,000 to 2,00,000 without any collateral. The interest rate for Aadhar card loans ranges from 7.3% to 12% per annum, depending on your CIBIL score. These Aadhar card loans are helpful in terms of any unforeseen circumstances.
Eligibility to apply for a 10,000 loan on Aadhar card
Any person wanting a 10,000 personal loan on Aadhar card. Need to keep in mind this following eligibility criteria :Â
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Age – The person should be aged between 20 to 60 years of age, depending on the bank or organisation. With some organizations having an age limit of 65.Â
Income – The income of a person should not be less than 15,000 per month, which should be credited directly into the person’s bank account. In case, there is no income the person can provide their bank statement from the last 6 months.
CIBIL Score – The borrower’s CIBIL score needs to be more than 600. The CIBIL score of a person directly affects the interest rate of their loan. The higher a person’s CIBIL score is, the lower the interest rate will be offered to them.Â
Citizenship – The person applying for a Personal loan should be a citizen of India and should possess an Aadhar card.Â
Documents required for 10,000 loan on Aadhar card.
ID Proof – Aadhar card, PAN card, driving licence etc. All can be used as identification proof.Â
Address Proof – Driving licence, electricity bills, rent agreement etc. All can be used as an address proof in your personal loan application.Â
Income Proof – For any salaried person, salary slips can be used as their income proof. In case, the person applying for a 10,000 loan on Pan card has no income, they can provide their bank statements of the last 6 months.Â
Features and benefits of a 10,000 loan on Aadhar card
There are enormous features and benefits of the loan which help you manage the cash in a few minutes, especially when you are eligible for the loan as per your income and eligibility criteria. However, there are certain terms and conditions which must be fulfilled to avail of the features and benefits such as
Instant approval and disbursal: The instant approval and disbursal of the loan manage your cash arrangement faster where you can get the disbursal in a few minutes.Â
Competitive Interest: the competitive interest rate on a 10,000 loan on an Aadhar card helps you manage the amount easily and minimize the repayment amount
Easy Repayment: Your loan closure process will be easy with the easy repayment system.Â
Flexible tenure: Flexible tenure will be beneficial while paying your repayment amount. Â
Minimal documentation: No documents are required in physical form where you can apply with the soft copy only.
How to apply for a 10,000 loan on Aadhar card.
Step 1 – Go to Our website Click on Apply for 10000 Personal loan
Step 2 – Choose the type of loan you want to apply for. Â
Step 3 – Fill the amount you want as a personal loan.Â
Step 4 – Upload your required documents, such as ; Aadhar card, PAN card, electricity bill, salary slip etc.Â
Step 5 – Submit your application. Depending on your bank the amount you applied for should be credited within 24 hours.
Conclusion
Taking a personal loan has never been this easy and hassle-free. With minimal requirement of documents, most banks and NBFCs provide these loans for anyone in need of immediate funds for personal expenses. Several apps and lending platforms provide this personal loan. While the interest rate depends on your CIBIL score where the loan amount is approved based on the lender’s policy and it varies from bank to bank. Therefore, before applying for the loan check your eligibility and get the approval for the loan.
10,000 loan on Aadhar card FAQ
Ans. You can go to the website and you have to apply for a loan by clicking on the Apply Now button. It will take you to the application page.
- Enter the details including personal informationÂ
- Upload the documents
- Get the approval and verification
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Ans. The documents required for a personal loan areÂ
- Aadhar CardÂ
- PAN
- Salary SlipÂ
- Bank StatementÂ
- Utility billsÂ
Ans. Yes, you can apply. Here the loan without documents means you don’t have to apply with the physical documents. You can use the soft copy of your documents.
Ans. The tenure for 10,000 loan on Aadhar card will be based on your choice where you will be free to choose the repayment date. However, the repayment date and tenure will also vary on the types of loan. Â
Ans. A processing fees and charges will be applied on the personal loan which basically depends on the customers, especially on their income and credit score.
Disclaimers
The information provided in this blog is for informational purposes only and should not be considered financial or legal advice. Loan terms, interest rates, and eligibility criteria may vary based on the lender’s policies. Readers are advised to verify details with financial institutions before making any decisions. We do not guarantee loan approval or endorse any specific lender.
