With loans helping you manage both planned and unplanned financial expenses, availing them is no herculean task. No wonder personal loans are becoming increasingly popular. In fact, the total value of these unsecured forms of credit totaled ₹2.2 lac crore during February 2022 and 2023.
Advancements in the fintech sector have further accelerated the personal loan application and approval process. Today, you can easily get a ₹50,000 loan on Aadhaar card verification for KYC purposes. That’s right! All you have to do is comply with the required KYC norms and apply for a loan using your Aadhaar card.
Make sure you meet the eligibility criteria set by the lender before applying for a ₹50,000 loan. This helps you avoid rejections and get the funds quickly. Continue reading to gain better insight on how to avail of a ₹50K personal loan using your Aadhaar card details.
With the issuance of the Aadhaar card in 2010, the KYC process has become more simplified. Your Aadhaar card serves as a single point of reference for your ID and address proof.
With financial institutions offering the facility of e-KYC, you can instantly get a ₹50K personal loan using your Aadhaar card. Check out some unique features of availing a personal loan by providing your Aadhaar card details.
Whether you need a ₹5 lac or a ₹50,000 loan, you can get funds disbursed to your account instantly by providing your Aadhaar card details to the lender. This helps lenders verify your identity and place of residence. Once your application is approved, you get the required amount within minutes. However, make sure to meet the required eligibility criteria of the lender.
When planning to avail of a ₹50,000 loan using your Aadhaar card, you can choose convenient tenures that best match your requirements. You may opt for tenures ranging from 1 to 5 years, depending on the lender.
With no collateral requirement, you can easily avail of a ₹50,000 loan on Aadhar card without pledging your assets and repay it with ease.
There is no need to complete lengthy paperwork to get a personal loan using an Aadhaar card. All you have to do is enter your basic details and provide your Aadhaar information on the lender’s website to check your eligibility.
Now that you are familiar with the benefits of availing personal loans using your Aadhaar card, you simply have to meet eligibility parameters set by the lender. Here are a few common eligibility criteria you need to meet when availing of a ₹50,000 loan on an Aadhar card on Fibe:
The eligibility parameters, such as age and salary requirements, can vary from one lender to another. Hence, it is ideal to check them before you apply for an Aadhar card loan of ₹50,000 online.
Follow this simple process to apply for a personal loan instantly at Fibe.
Step 2: Share a few basic details and provide your Aadhaar card number
Step 3: Check your loan eligibility and fill in the required loan amount along with the tenure
Step 4: Get instant approval within minutes and upload your KYC documents post approval
Step 5: Receive funds instantly in your bank account
That’s all it takes to get a personal loan at Fibe. We provide loan amounts of up to ₹5 lacs at competitive interest rates, helping you manage all your financial requirements. As one of India’s most trusted digital lending platforms, Fibe allows you safely and securely apply for an Aadhar card loan of ₹50,000 online.
Yes, you can get a personal loan without your salary slips if you meet the required eligibility criteria. However, to prove your eligibility, you may need to provide your salary account bank statements.
The maximum loan amount varies from one lender to another. You can get a maximum amount of ₹5 lacs at Fibe using your Aadhar card as verification.
You can get the amount instantly by availing of an Instant Personal Loan at Fibe. Simply download the Fibe app or visit the portal and register by providing your details. Then follow the steps to apply and await approval.
The EMI depends on the interest rate charged on your personal loan. For instance, your EMI for a ₹50,000 loan at an interest rate of 30% p.a. for a tenure of 24 months will be ₹3,333.
You can get a personal loan of ₹50,000 using the Fibe app. Download the app from the App Store or Google Play and register. Submit your KYC details and documents. Post approval, you can get the funds credited to your account within minutes.