Aadhaar Card Loan is a comprehensive e-KYC-approved personal loan, designed for quick access to personal loans. An instant personal loan on an Aadhaar Card releases a loan amount of up to ₹50 lakhs with affordable interest rates.
Today, an Aadhaar card loan can serve as a single document loan for the complete approval process. It makes your verification process easier and serves as a prime source of identity. Avail here and save your time!
Aadhaar Card Loan Interest Rates & Charges
The Aadhaar Card loan interest rates and processing fees vary from lender to lender. Hence, it is essential to compare the interest rates and make an informed decision before applying. Here is a list of top banks and NBFCs that prefer an Aadhaar Card as a primary document:
List of Top Banks Offering Aadhaar Loans
| Top Banks | Interest Rates (p.a.) | Processing Fees |
| Axis Bank | 9.99% onwards | Up to 2% |
| IndusInd Bank | 10.49% onwards | Up to 3.5% |
| IDFC Bank | 9.99% onwards | Up to 3.5% |
| HDFC Bank | 9.99% onwards | Up to ₹6,500 |
| ICICI Bank | 9.99% onwards | Up to 2.5% |
| Federal Bank | 12% onwards | Up to 2% |
Note: Interest rates are dynamic and may change based on your credit history and creditworthiness.
List of Top NBFCs Offering Aadhaar Loans
| Top NBFCs | Interest Rates (p.a.) | Processing Fees |
| Tata Capital | 10.99% onwards | Up to 3.5% |
| Bajaj Finserv | 10% onwards | Up to 3.93% |
| DMI Finance | 11.99% onwards | Up to 3.25% |
| L&T Finance | 11% onwards | Up to 3% |
| MoneyTap | 13% onwards | Up to 2% |
| Aditya Birla | 10.99% onwards | Up to 4% |
| Moneyview | 14% onwards | Up to 4% |
| Cashe | 27% onwards | Up to 3% |
Note: Interest rates are dynamic and may change based on your credit history and creditworthiness.
Aadhaar Card Loan Eligibility
To apply for an Aadhaar card loan, you must meet the basic eligibility criteria. Here is an overview of the Aadhaar Card Loan eligibility:
- Age: Applicants between 21 and 60 years of age
- Credit Score: Should be 750 or above
- Work Experience: Minimum of 1 year with the current company
- Income: Net monthly salary of ₹15,000
Can I get a personal loan on Aadhaar card without a salary slip?
Yes, if you are looking to obtain a personal loan using your Aadhaar card without a salary slip, there are certain requirements that you may need to fulfil. In addition to your Aadhaar card, some lenders may request bank statements as an alternative income verification method.
Typically, lenders ask for bank statements to assess your financial stability and repayment capacity. Hence, you will have to mandatorily provide the bank statement for the last 6 months. And in case you are self-employed, you must provide bank statements for the last 3 months.
Aadhaar Card Loan Documents Required
The documents required for a personal loan on an Aadhaar card are as follows:
- ID Proof: Aadhaar Card or PAN Card, Passport, Voter ID, Driver’s Licence
- Address Proof: Aadhaar Card or Passport, Voter ID, Utility Bills, Electricity, Water, Gas, Driver’s Licence
- Income Proof: Bank statements of the last 3 months
Note: According to the new guidelines from the Reserve Bank of India (RBI), Aadhaar Card is no longer accepted as a valid address proof for financial accounts like loans or deposits. Therefore, depending on the lender, it would be necessary to provide an alternative address proof such as a utility bill, passport, etc.
Calculate EMI for Your Aadhaar Card Loan
Before you apply for an Aadhaar card loan, plan your loan repayments effortlessly with the Personal Loan EMI Calculator. Just enter the loan amount, interest rate, and loan tenure to determine your EMI and take control of your budget.
Aadhaar Card Loan EMI Calculation Example
Let’s go through the EMI for different personal Aadhaar card loan amounts at an interest rate of 12% p.a. and a tenure of 12, 24 & 36 months.
| Personal Loan Options | 12 Months EMI (₹) | 24 Months EMI (₹) | 36 Months EMI (₹) |
| ₹1,000 Aadhaar Card Loan | 89 | 47 | 33 |
| ₹5,000 Aadhaar Card Loan | 444 | 235 | 166 |
| ₹10,000 Aadhaar Card Loan | 888 | 471 | 332 |
| ₹20,000 Aadhaar Card Loan | 1,777 | 941 | 664 |
| ₹30,000 Aadhaar Card Loan | 2,665 | 1,412 | 996 |
| ₹40,000 Aadhaar Card Loan | 3,554 | 1,883 | 1,329 |
| ₹50,000 Aadhaar Card Loan | 4,442 | 2,354 | 1,661 |
| ₹60,000 Aadhaar Card Loan | 5,331 | 2,824 | 1,993 |
| ₹70,000 Aadhaar Card Loan | 6,219 | 3,295 | 2,325 |
| ₹80,000 Aadhaar Card Loan | 7,108 | 3,766 | 2,657 |
| ₹90,000 Aadhaar Card Loan | 7,996 | 4,237 | 2,989 |
| ₹1 Lakh Aadhaar Card Loan | 8,885 | 4,707 | 3,321 |
| ₹2 Lakh Aadhaar Card Loan | 17,770 | 9,415 | 6,643 |
| ₹3 Lakh Aadhaar Card Loan | 26,655 | 14,122 | 9,964 |
| ₹4 Lakh Aadhaar Card Loan | 35,540 | 18,829 | 13,286 |
| ₹5 Lakh Aadhaar Card Loan | 44,424 | 23,537 | 16,607 |
Features & Benefits of Aadhaar Card Loan
Avail an Aadhaar Card Loan and enjoy multiple benefits in just a click!
- Collateral-Free Loan: Zero need to provide any collateral.
- Quick Disbursal: Loan approval and disbursal in minutes.
- Paperless Application: Complete e-KYC process with no physical paperwork.
- Low Interest Rates: Interest rates starting from 10.50% p.a.
- Easy Repayment: Choose your preferred tenure for loan repayment.
- Single Document: Provide an Aadhaar Card as proof of identity and address.
Personal Loan on Aadhaar Card without Having a PAN Card
Apply for a personal loan using an Aadhaar Card, and you can access your personal loan without a PAN card verification (differs from lender to lender). An Aadhaar card serves as ID proof, and it is important to note that you may need to provide several other supporting documents. These may include your voter ID card, passport, driving licence, salary slips, and more, depending on the specific requirements set by the loan provider.
Apply for an Aadhaar Card Loan With Buddy Loan
Steps to Apply for a Personal Loan with Buddy Loan:
- Visit buddyloan.com or download the Buddy Loan app (Android or iOS).
- Open the Personal Loan Application Page. Provide your mobile number and enter the received OTP.
- Specify the desired loan amount and personal email. Next, choose the Personal Loan option.
- Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
- Enter your work details including company name, years of service, and designation.
- Enter your personal details including full name, PAN, address, DOB, and gender.
- Provide your communication address and income details, then click the ‘Submit’ button.
Aadhaar Card Loan Yojana Online
The Government of India has introduced various loan schemes, and one notable programme is the Mudra Yojana. This initiative aims to empower young entrepreneurs by providing them access to collateral-free business loans up to ₹10 lakhs with Aadhaar cards.
It allows borrowers to avail loans for business purposes using the Aadhaar card from both government and private banks. Here are the highlights of PM Aadhaar Loan Yojana:
| Feature | Details |
| Scheme Name | Mudra Loan (Loan on Aadhaar Card) |
| Loan Type | Collateral free |
| Loan Amount | Up to ₹10 Lakhs |
| Who Can Apply? | Citizen of India |
| Concerned Ministry / Department | Ministry of Micro Small and Medium Enterprises (MSME) |
Conclusion
A personal loan on an Aadhaar card offers a convenient and efficient way to access funds. It eliminates the need for extensive documentation and lengthy approval processes, making it an attractive option for individuals in need of quick financial assistance.
Aadhaar Card Loans provide flexibility and empower you to meet your personal financial needs swiftly. However, it’s essential to research and compare lenders, understand the terms and conditions, and borrow responsibly to ensure a smooth borrowing experience.
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