How to get a Personal Loan using an Aadhaar card?

Updated on: 7 September 2023

Published on: 19 August 2021

With technology transforming the financial sector, you can easily get an Aadhaar card loan today, which increases your accessibility to credit. An Aadhaar card is a 12-digit identification number issued by the Government of India. It serves as identity proof for Indian citizens and contains demographic details and biometric information required when applying for a personal loan.

But how can you apply for a personal loan with just your Aadhaar card? Well, you can submit this as an age, address and identity proof when applying for credit. Fibe is one such platform offering you a personal loan on an Aadhaar card along with other documents within minutes.

Additional Documents to Submit Other Than Your Aadhaar Card

Before the lender can proceed with your personal loan application, you have to submit your KYC documents. The lender may request income proof before approving a personal loan on an Aadhaar card. This step is a part of the verification protocol and lenders often need this information to determine whether or not you can repay the loan on time. 

Also Check: 10,000 loan on aadhar card

Here are some documents you must submit when opting for a small cash loan on an Aadhaar card: 

1. Bank Statements: These are important documents that contain data related to your banking transactions. You need to submit your bank statements for the last 3-6 months to the lender.

These statements help the lender to check your transactions and assess your eligibility for an instant personal loan. Be sure that your banking transactions for the previous 3-6 months highlight a stable income to avoid rejection. 

2. Salary Slips: You can submit salary slips as your income proof if you are a salaried employee. 
3. PAN Card: Your PAN information ensures that you are a tax-paying citizen of India. 

If you are self-employed, you may have to show alternate sources of income. You can submit bank statements or your ITR. Do keep in mind that lenders may request additional paperwork based on your profile. In some cases, you may get approval just with your Aadhaar card. 

Eligibility Requirements for a Personal Loan Using an Aadhaar Card

All lenders have set eligibility terms and you may only get approval if you meet these requirements. Keep in mind that these terms differ based on your income profile and the lender you choose. So, you must check the criteria before applying for a personal loan. 

To help you get an idea of what to expect, here are some eligibility parameters for an Aadhar card loan at Fibe:

• You can apply for an instant personal loan if you are between 21 and 55 years 
• You must be a salaried employee and meet the minimum income requirements based on the city you reside in (₹15,000 to ₹18,000)
• You must be an Indian resident

Steps to Apply for a Personal Loan Online with an Aadhaar Card

Here are the steps to apply for an online personal loan at Fibe: 

• Step 1: Visit the official website of Fibe or download the Personal Loan App and sign up on the respective platform
• Step 2: Click on the ‘Personal Loans’ tab at the top of the screen
• Step 3: Start your loan application process by clicking on the ‘Apply for a personal loan now’ option
• Step 4: Fill in the application by entering your name, date of birth, email address, phone number and other required details
• Step 5: Specify your loan requirement
• Step 6: Upload the Aadhaar card as ID and address proof
• Step 7: Complete the application form after attaching all the relevant documents and submit it
• Step 8: Wait for application verification and loan approval

Once approved, you receive the Instant Personal Loan amount in your bank account within minutes.

Benefits of Availing an Aadhaar Card Loan

Your Aadhaar card contains the following particulars:

• Name
• Address
• Gender
• Date of birth
• Photograph
• Phone number
• Email ID
• Biometric data

Hence, when you submit an Aadhaar card, it serves as a single point of verification. In case your PAN card is linked to the Aadhaar number, there is no need to provide your PAN card as well. This results in a quicker verification of your Aadhaar card loan application.

Gone are the days when you needed multiple documents to get a personal loan. With modern digital lenders, availing of a loan is much easier and can be done from the comfort of your home. Fibe offers you a seamless and convenient loan application process at pocket-friendly interest rates and flexible repayment tenures. Simply download our Personal Loan App or visit our website to get a personal loan with your Aadhaar card.

FAQs on Aadhaar Card Loans

Can I avail a personal loan with my Aadhaar Card?

Yes. You can get a substantial or small cash loan on Adhaar Card submission as ID, age and address proof.

Can I apply online for a personal loan with my Aadhaar Card?

Yes, you can apply online for a personal loan by uploading your Aadhaar card copy as a KYC document.

What is the process of an Aadhaar card loan?

To avail of a small cash loan on an Aadhar Card, you will need to visit the lender’s website, check your eligibility and apply. Once you fill out the form, submit the required documents, including your Aadhaar card. If your application is approved, the sanctioned amount will be transferred to your account.

Is the Aadhaar cash loan genuine?

Yes, a loan against an Aadhaar card is genuine when you avail it from a recognised and registered financial institution.

How long does personal loan application processing take when you apply with an Aadhaar card?

The processing time depends on the lender you choose. When applying on Fibe, you can get approval on your personal loan in just 2 minutes if you apply with an Aadhaar card. 

Is it possible to apply for a personal loan on an Aadhaar Card without having a PAN card?

Yes, you can apply for a personal loan without your PAN Card if you have uploaded your Aadhaar card.

Will I need a co-applicant for a personal loan on an Aadhaar card?

A co-applicant is not necessary when you apply for a personal loan with an Aadhaar card.

Who is eligible for a loan against an Aadhaar card?

Any employed Indian resident between 21 and 55 years of age can get a personal loan with an Aadhaar card at Fibe.

How much loan can I get on an Aadhaar card?

At Fibe, you can get a personal loan from ₹5,000 to ₹5 lacs in just 2 minutes, provided you meet the required eligibility terms.