Need a personal loan ? Here is how to get cash instantly via Aadhaar Card | Personal finance news


New Delhi: Personal loans have never been easier to get than now, thanks to digital technology. The whole process took several days before scanning. People who needed money had to look for relatives and acquaintances who could lend them the money they needed at the time. The largest personal loans can now be obtained in as little as 24 to 48 hours, without the need to take a day off.

You won’t have to go from bank to bank for information on eligibility requirements, interest rates, and how to apply for and get the best personal loans. You can search and apply for the best personal loans online. The bank validates your identity using your Aadhaar card and deposits funds into your account within days. But what exactly is KYC? Keep reading to find out

KYC stands for “Know Your Customer” and helps financial organizations fight against financial crimes, money laundering and the correct identification of customers. It was introduced in 2004 when the Reserve Bank of India made customer verification mandatory for all banks and financial organizations. Your bank uses it to verify your identity when you apply for a personal loan.

ID card verification, face verification, address verification, and biometric verification are all part of the KYC process. Your Aadhaar card is the document that allows the bank to verify all this information about you and ensure that it is correct. Because the whole process takes place online, it is known as eKYC, or Electronic Know Your Customer.

You must first assess your eligibility before applying for a personal loan using your Aadhaar card.

Eligibility for Aadhaar Card Personal Loan

-The minimum age requirement is 21, while the minimum age requirement is 60.

-A monthly income of Rs. 15,000 is required.

-At least two years of work experience in total, including one year with current employer

-A CIBIL score of 750 or higher

Required documents

-Proof of identity: Aadhaar card, voter card, driver’s license or passport

– Proof of address: Aadhaar card, utility bills or passport

-Proof of income: payslips, bank statements and ITR

-Passport size photos

Online personal loan with Aadhaar Card


You should use a personal loan eligibility calculator to assess your eligibility before applying for a personal loan using your Aadhaar card. This will let you know how much loan you can get and repay comfortably. At the same time, you should use a personal loan EMI calculator to calculate your overall monthly payment load. Remember that a Bajaj Finserv personal loan will give you the lowest interest rates.

Select your amount and duration

Ask for the maximum amount you qualify for, then use online tools like a personal loan EMI calculator to determine the best term based on your interest rates and financial situation.


After deciding on the amount and duration, you will need to upload copies of all documents required by the bank.

Your account is credited with the approved amount.

The loan amount will be credited to your account within 24-48 hours if your application is approved.


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