It often happens that small requirements become essential for different household needs and you have to wait for the salary. In that case, getting rid of a cash crunch 2000 loan on an Aadhar card is easy and can help you manage cash in a few minutes. However, there are some, essential eligibility criteria to borrow an instant loan, where your Aadhar and PAN card are required, especially when you are a salaried person or self-employed with a higher credit score. So, if you are willing to borrow a personal loan, some essential steps will help you get the loan shortly.Â
How to Apply for 2000 Loan on Aadhar Card
To apply for 2000 loan on an Aadhar card follow the steps, and once it is accomplished, your loan amount will be credited to your linked account. Therefore, follow the steps
- Go to the website and click Apply Now which will take you to the application page
- As per the column in the application form fill in the personal details like name, email, mobile number and loan amount
- Upload your documents, especially your PAN and Aadhar
- Get the approval and disbursal of the loan amount in a few minutesÂ
- Use the amount and as per your tenure repay the loan amountÂ
Documents required for 2000 Loan on Aadhar Card
To apply for a 2000 loan on an Aadhar card, you must have all the required documents, especially from the lenders. However, you get PAN Card Loan ₹10,000 which is enough to calculate the borrowers’ financial history. Apart from that, some additional documents might be essential, and the documents are as follows.Â
- Aadhar CardÂ
- PANÂ
- Salary SlipÂ
- Bank StatementÂ
- ITR (for self-employed)
- Utility bills such as electricity bills, phone bills, gas bills, etc.Â
- Rent AgreementsÂ
Eligibility Criteria for 2000 Loan on Aadhar Card
Multiple factors affect the eligibility criteria and the most effective factors are income, credit score, transactional history and availability of documents. And therefore the factor affecting the eligibility are as follows.
- Credit Score: It must be 750 or aboveÂ
- Age: the age must be above 18 and up to 65
- Documents: You must have all the documents such as PAN, Aadhar, Salary slip, ITR, and other residential certificates if required.Â
- Income: It must be at least 25000 per month. It can vary in the contemporary situation as well.Â
Benefits of 2000 loan on Aadhar card
You can ensure enormous benefits with 2000 loan on Aadhar card and these areÂ
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Instant Approval: Get instant approval which saves your precious time
Easy Application: The application process is easy with all-time availability
Minimal Documentation: No physical documents are required because a soft copy of the document is enough Â
No-Collateral: No collateral is required for the lower amountÂ
Easy Repayment: The repayment is easy and can easily close your loan
Enhance Credit score: It can easily enhance your credit score
How to calculate a 2000 loan on Aadhar card EMI
Though the loan with a lower amount is approved for a short period and the repayment is approved for one time, in many situations, it is approved with the repayment through EMIs. And in that case, the EMI is calculated as per the tenure and rate of interest. The EMI calculator can be done with the formula
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EMI = [P x R x (1+R)^N]/[(1+R)^N-1]Â
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Where:Â EMI means Equated Monthly Installment *
 P is the Principal Loan Amount *
 R means the rate of interest on the per-month basis [Annual interest rate / 12 / 100]
 N means the number of installments
Suppose you are borrowing Rs.2000 for three months with the rate of Interest of 12%, then the EMI for 3 months will be 693.73 per month. Â
However, the rate of interest will vary as per the lender’s policies.
2000 loan on Aadhar card without documents
Getting a 2000 loan on Aadhar card without documents is easy and here without documents, you don’t have to submit any physical documents. You can borrow with the Aadhar and PAN only. However, it depends on the current situation, where the lender can also verify the physical documents, especially during the physical document verification process. So, a 2000 loan on an Aadhar card without documents is one of the best ways to the cash arrangements for multiple household needs.
Why choose nextbigloan Services
You can choose nextbigloan to get a 2000 loan on Aadhar card because of many reasons such as its wider and all-time availability, fast processing, easy repayment, and competitive interest. Therefore you can get all the facilities while getting a Personal Loan through Nextbigloan , and these are
- Easy RepaymentÂ
- Competitive InterestÂ
- Fast ApprovalÂ
- Minimal Documentation with no physical documents
- Easy Repayment facilities
- Consider lower credit score also for approval
- Enhance accessibility with the wider network and all times accessibility
frequently asked questions
Ans. It’s a personal loan that you can apply through your Aadhar card only where your Aadhar and PAN card are enough for the loan application.Â
Ans. Yes, you can apply for a personal loan as a self-employed where you must have all the documents, especially PAN, ITR and Bank statements. Â
Ans. It has enormous features such as instant approval, easy repayment, fast approval, and competitive interest, that make the loan distinct and beneficial for the borrowers.Â
Ans. Yes, in many situations, where you don’t have a higher credit score, the lender can consider a lower score also where the income becomes the main factor for loan eligibility.Â
Ans. You can apply through the PAN and Aadhar card only. In some cases, where you have to submit another document, you must have documents like Bank Statement, ITR, and utility bills as per the requirements.Â
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.
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