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Loan on Aadhar Card - Instant Small Loans Online

Loan on Aadhar Card - Instant Small Loans Online

A personal loan fulfils various financial needs. Earlier, when instant loan apps did not exist the time taken for a personal loan verification was tiring for the borrower. Financial institutions demanded multiple documents for loan approval. Nowadays, as instant loan apps accept paperless documentation, small cash loans can be easily availed online through an Aadhar card. The loan amount is decided by the lender based on your credit score.

The personal loan documentation process is simplified to a great extent with an Aadhar card. Borrowers applying for small cash loans online can enter the Aadhar card number linked to their mobile number for verification of personal details. This process is known as e-KYC verification where physical documents are not required. There are some lenders who accept personal loan applications online using the scanned Aadhar card copy.

Advantages of applying for a personal loan via Aadhar Card

The introduction of the Aadhar card made the personal loan procedure simple with the following benefits:

-Aadhar card proves to be a concrete proof of the borrower’s Indian citizenship and identity. So, only one document is enough for personal identity verification.

-Aadhar card can be used as a sole document to apply for more than one personal loan online.

-Aadhar card clearly states about the borrower’s age, photo, address, and identity. So, there is no requirement for any second document.

-Aadhar card makes the personal loan process simpler, saves documentation time and, enables instant approval/sanction of the loan amount.

Steps to use Aadhar card to avail small cash loans online:

  1. Install an instant loan app on your phone or visit the loan provider’s website
  2. Register with your mobile number and email id
  3. Enter the mobile number that is linked to your Aadhar card for identity and address verification
  4. Enter the 12-digit Aadhar card Number as KYC proof.
  5. Some websites may require a scanned copy of Aadhar card with other income-related documents
  6. After verification of the submitted documents, the sanctioned loan amount will be credited directly into your bank account

Paperless documentation is being promoted by the government of India to prevent loan-related frauds. Aadhar card contains all the necessary personal details of the borrower; this has decreased the number of fraudulent banking activities online. So, whether you are applying for a small cash loan for travel, home renovation, medical emergency, etc. ensure you have an Aadhar card copy handy during the small loan application online.

SimplyCash is an instant loan app by HeroFinCorp that provides personal loan approval online in 24 hours on the basis of Aadhar card verification. Borrowers can avail of a loan between Rs.50,000 to 1.5 Lakh using the Aadhar card on SimplyCash.

Popular Small Cash Loans are Available on Aadhar Card?

Financial companies in India have created different types of short-term loans to suit different financial needs. Borrowers can avail of the below small loans on their Aadhar card via instant loan apps:

Home Renovation Loan: Urgent home repairs and renovation work incur a considerable amount of expense. These can be covered with a small cash loan that can be repaid in a year’s time. Refurbish your home with small loans made easily available with Aadhar card paperless documentation.

Consumer Durable Loan: There are many latest electronic gadgets and appliances available in stores and online platforms. These are expensive products that can be bought on EMIs via consumer durable loans. DSLR camera, Apple iPhone, smartwatch, kitchen chimney, food processor, etc. can be yours with Aadhar card approved instant personal loans.

Medical Emergency Loan: A medical emergency demands urgent cash. Instant personal loan apps are a great source of acquiring immediate money based on Aadhar card verification.

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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