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How to get Personal loan using an Aadhar Card?

How to get Personal loan using an Aadhar Card?

Aadhar card, a 12-digit identification number issued by the UID of India on behalf of the government of India, serves as a proof of identity and address, anywhere in India. And now it is also an essential document for availing online instant personal loans.
 
A personal loan is a multipurpose loan and can be used for a plethora of reasons. In the digital age, availing of a personal loan is no more tiresome and a complicated service as all the processing is done online. Earlier applying for a loan was a tedious task with loads of documents to be submitted for verification.
 
SimplyCash, an instant personal loan app powered by HeroFinCorp has developed a hassle-free and user-friendly digitized personal loan app for ease of borrowing a sum ranging between 50,000 - 1,50,000 at an affordable interest rate.
 
To get a personal loan from SimplyCash, you just need your Aadhar card and PAN card as mandatory documents for E-KYC verification. It is an electronic procedure, totally paperless that saves a lot of time, helping with the quick loan approval.
 

Benefits of Personal loan using Aadhar card


Aadhar Card is a mandatory document when you apply for an instant personal loan through the SimplyCash loan app.
 
Here are some beneficial features connected to SimplyCash instant loan when availed by using an Aadhar card:

Quick approval

Aadhar card gives a clear picture of the borrower’s identity, inclusive of age, name, address, and photo. This confirms the eligibility and helps in quick loan approval.
 

Swift loan disbursement

Verification of Aadhar card is done in real-time through the digital technology. Same-day documents verification is possible now, resulting in swift loan disbursal.
 

Paperless documentation

Those applying for instant loans online have to go through a paperless documentation procedure. This gives convenience and increases the speed of loan approval.
 

Unique code

Aadhar card carries a unique number that is assigned differently to each cardholder. This doesn’t create any discrepancy with multiple loan accounts.
 Although with documents like Aadhar card and PAN card, it is also mandatory to meet the lender's eligibility criteria
 
  • Your age limit should be between 21 - 58 years
  • Your minimum income of Rs.15,000 monthly is mandatory
  • Your last 6 months of bank statement
  • You should be an Indian resident
 
If you abide by the basic eligibility criteria, getting a personal loan using an Aadhar card would be easy. You just need to keep your Aadhar card handy to get the personal loan sanctioned. For safety reasons and future reference of the borrowers, Aadhar card records are maintained digitally to get all the borrower data at one source.
 
 

SimplyCash

SimplyCash powered by Hero FinCorp is an instant personal loan app providing cash loans of upto INR 1,50,000 for both salaried and self-employed individuals. Driven by technology and fuelled by innovation, SimplyCash solves instant cash requirements of customers in just a few simple clicks without any physical documentation or meeting. The mobile app is available to users through all popular Android play stores like Google play store, Samsung store, Xiaomi store etc. With one of the most widespread presence, SimplyCash currently offers its services in over 90 major locations in India. Known for a seamless process, instant loan disbursal and transparent pricing - SimplyCash truly lives upto the expectations of being a 'Hero' product.  

Note: SimplyCash is a duly registered trademark and is a loan product offered, managed and operated by Hero FinCorp. Hero FinCorp Limited is a Non-Banking Financial Company registered under the provisions of Reserve Bank of India ("RBI") and is in the business of finance and lending.

Accepted Banks:

ICICI BANK LTD HDFC BANK LTD IDBI BANK STATE BANK OF INDIA PUNJAB NATIONAL BANK YES BANK INDUSIND BANK KOTAK MAHINDRA BANK LTD

IDFC FIRST BANK LTD AXIS BANK BANK OF BARODA TAMILNAD MERCANTILE BANK LTD INDIAN OVERSEAS BANK INDIAN BANK RBL BANK LTD DEUTSCHE BANK AG CITY UNION BANK LTD FEDERAL BANK SOUTH INDIAN BANK STANDARD CHARTERED BANK CANARA BANK KARNATAKA BANK LTD CITI BANK BANDHAN BANK UNION BANK OF INDIA DCB BANK LTD DBS BANK INDIA LTD THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD DEUTSCHE BANK UCO BANK

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