Small Cash Loan on Aadhaar

For individuals who seek quick financial assistance, you have now found a saviour in small cash loans on Aadhaar cards. This type of personal loans on Aadhaar card are unsecured loans offered by banks and NBFCs. Use the instant access to small cash loans for medical emergencies, travel expenses, weddings, education, unexpected bills, etc.

Small cash loans have revolutionised the traditional lending process, as they require minimum paperwork, and can be repaid over a short period. Take a quick look at the eligibility and documents required to get the loan on Aadhaar card.

Small Cash Aadhaar Loan Details

Before availing a small cash loan, here are the essential details you need to know.

Minimum Amount ₹ 500
Interest Rate 9.9% p.a. onwards
Processing Charge Applicable*
Credit Score 650 & above
Salary ₹ 15,000
Age 21 & above
Applicant Status Employed
Minimum Tenure 2 months

Also, make sure to complete your e-KYC with your Aadhaar card before applying for any loan.

Not sure of your credit score? Check now for free!

Check Your Credit Score for Free

Also get a Free Credit Report

Small Cash Aadhaar Loan Eligibility

Specific eligibility criteria may vary among lenders, but the general requirements are as follows:

  1. Age: Applicants should be between 21 to 65 years.
  2. Nationality: Indian Citizen.
  3. Aadhaar Card: Must posses a valid Aadhaar card
  4. Employment: Can be salaried or self-employed.
  5. Income: An in-hand salary of Rs. 15,000 per month is required.
  6. CIBIL Score: Minimum of 650 & above
  7. Creditworthiness: Lenders evaluate the borrower's income, repayment history, and finances.
Note: Loan eligibility is subject to change.

Documents Required for Small Cash Loan on Aadhaar Card

In order to get an instant loan, an Aadhaar card is sufficient. However, you may have to submit other documents depending on the lenders. Here is the list of documents required to avail a mini cash loan online:

  • Identity Proof:Aadhaar Card, Valid Voters ID, Driving License or Indian Passport
  • Address Proof:Passport, Driving License, Rent Agreement, Utility Bills (Electricity, Water, Gas) of last 60 days, etc
  • Income Proof:Salary slips, Income Tax Returns & Bank Statements for the last three months Bank cheque of your salary account
  • Bank StatementsTo assess your financial health and repayment capacity
  • Passport-size photo
Note: Make sure that your phone number and bank account is linked to your Aadhaar card and the documents required are subject to change.

Interest Rate on Small Cash on Aadhaar Card Loan

As these are short-term and unsecured loans on Aadhaar card only, the interest rate may be slightly higher than traditional loans. So, to ensure you get the best deal, carefully compare and review the interest rates of different lenders. Be aware of any additional fees and charges during the loan period as well.

Here is an estimated overview of the interest rate and processing fee charges, which may vary depending on the lenders. To check the interest rates and other details for a small cash personal loan on Aadhaar card, refer to the table below.

Minimum Amount ₹ 5,000
Interest Rate 9.9% p.a. onwards
Repayment Tenure Min 2 months
Processing Fee Nil*
Foreclosure Charges Nil*
Note: Interest rates, repayment tenure, foreclosure charges, and the amount for small cash loans on Aadhaar cards can vary based on the lenders you choose.

List of Top Lenders Offering Small Cash Personal Loans on Aadhaar Loans

The Small Cash Loans have better scope in NBFCs than in traditional banks. As they come with 0 complications and easy procedures. Here's a compiled list of leading lenders providing fast small loans, with the loan amount and corresponding interest rates.

Top Lenders Loan Amount Interest Rates
Loanbaba Up to ₹1 Lakh 0.1% per day
Pocketly ₹500 - ₹10,000 2% - 3% per month
Navi ₹10,000 Onwards 9.9% - 45% p.a
Phocket Up to ₹1 Lakh 2.50% - 3% per month

Read More

Read Less

However, the actual interest rates vary based on various factors, including the specific loan amount offered by the lender and your individual financial profile. Before you decide to avail a loan, research thoroughly and compare your options.

Small Cash Loan Aadhaar Loan EMI Calculator

Use this user-friendly calculator to accurately determine the EMI for your small cash loan on Aadhaar card. Calculate the interest rate percentage associated with your personal loan. Compare various lenders and make an informed choice that best suits your needs.

Utilise this simple tool to find out the EMI for your small cash loan, effortlessly..

Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Small Cash Loan on Aadhaar Card without PAN Card

Gone are the days of complex loan applications with countless documents. Now embrace the simplified loan application process. A small cash loan on Aadhaar card without a PAN card was introduced with the aim of making the loan process more convenient and accessible to a broader section of the population.

Several financial institutions and digital lending platforms now provide this small cash loan service to eligible applicants, revolutionising the loaning process.

Features & Benefits of Small Cash Loan with Aadhaar

Explore the key features and benefits that make small cash loans only with aadhaar card stand out:

Single Document

Aadhar Card for identity
& Address proof

Speedy Disbursal

Loan approval &
disbursal in mins

100% Paperless

Expect complete e-KYC

Credit Score Flexiblity

Consideration beyond
credit score

Short Tenure

Repay quickly with
short-term options

Flexible Amount

Customizable loans for
individual needs

Steps to Apply Online for a Small Cash Aadhaar Loan with Buddy Loan

Follow these steps to apply for a Small Cash Loan on aadhaar Card in Buddy Loan:

  • Step 1: Visit or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take the next step? Apply for a Personal loan now!

Frequently Asked Questions on Small Cash Aadhaar Loan

It's a quick, short-term, unsecured loan based on your Aadhaar card, offering funds for immediate needs.

You need to be an Indian citizen, over 18 years, with a valid Aadhaar card and a stable income.

Apply on a verified lending platform that accepts your PAN and Aadhaar card, provide accurate details, and wait for approval.

Yes, genuine options exist but research well. Ensure you only share your information on trusted platforms & lenders to avoid scams.

Yes, some lenders offer Aadhaar-based loans without a PAN card, but other documents like income & address proof may be needed.

Varies by lender, based on income, repayment capacity, and policies; typically range from a few thousand to lakhs.

Yes, for Aadhaar-based loans, lenders consider income & repayment history, but rates might be higher due to risk.

Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.

Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.