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How to take a Loan with Aadhar and Pan Card

How to take a Loan with Aadhar and Pan Card

A personal loan is a subjective matter and an unsecured loan type. A personal loan can be used for various financial purposes, specifically for urgent wedding expenses, home renovation, consumer durable goods, medical expenses, and any kind of emergency that requires urgent funds.

With the advent of the digital era, a personal loan is an easy hack for regular internet users who can easily download the loan app and understand the online process. Instant personal loan apps are accessible on smartphones and hence the popularity of acquiring instant loans has never diminished.

What makes the online personal loan application more attractive is the ease of documentation. There are no physical documents required for loan approval online. Borrowers can easily avail of personal loans in minutes using their KYC documents – Aadhar card and PAN card. Yes, the document verification is done in a paperless format using an Aadhar card and PAN card that speeds up the overall loan application process through the loan app.

With numerous financial institutions and NBFCs developing instant loan apps and websites, “SimplyCash” an instant personal loan app launched by HeroFInCorp is no way behind and is considered as one of the reliable instant personal loan providers following paperless documentation. “SImplyCash” instant personal loan app is a seamless and unified solution for all your financial issues. Just keep your Aadhar and PAN card handy while applying for a personal loan on SimplyCash.
 

Required Documents for Personal loan via SimplyCash?

With the online trend of availing of instant personal loans, SimplyCash is an ideal choice as the documents needed for verification are minimal making the loan submission request hassle-free. No physical contact is required that encourages many borrowers to apply for small cash loans even during the Covid-19 pandemic.

You will be relieved to know that the only documents required for instant personal loan approval are just four things:

  • Identity proof - Aadhar card/Smart card driving license
  • Pan Card - to evaluate borrower’s financial background/credit score
  • Enter the Aadhar card and PAN card number, which should be linked to your mobile phone.
  • 6 months bank statement of the account having current transactions

Benefits of getting a personal loan with an Aadhar card and PAN card are broad

Get the advantage of meeting your urgent financial needs via personal loans offering seamless benefits on your side:
  • Instant approval within minutes of real-time verification 
  • Quick disbursal of personal loan within 24 hours 
  • Multiple instant personal loans can be taken provided the borrower is capable of timely repayment of more than one loan
  • Flexible repayment policy as per your convenience within 6 - 24 months
  • No physical documentation is involved that saves considerable time in organizing necessary documents.
  • A collateral-free instant loan that doesn’t require a guarantor or an asset for loan approval.

So, it is evident that Aadhar cards and PAN cards have become significant documents for availing of instant personal loans in India. It has completely transformed the thought process of borrowers in terms of the loan procedure. Besides, the Aadhar card fulfills the eligibility criteria for biometric verification, whereas the Pan card verifies the financial history of a borrower. Therefore, both the documents have their own role in the personal loan application process.

To know about SimplyCash eligibility criteria, please click here

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.

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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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