How To Apply For Instant Loan On Aadhar Card?

By Author: Ankit Verma
Total Articles: 23
Comment this article

Since the time personal loan application has been popularised, the document verification process is conducted online. Instant loan apps follow a digital format for a loan application, documentation, approval, and disbursal. What simplifies the documentation procedure is the E-KYC verification using Aadhar Card and PAN card numbers.

Every Indian citizen has a unique Aadhar card number that is used to verify the borrower’s identity for instant loan approval. Aadhar card shows an individual’s name, address, photo and proves to be a significant identity proof for instant loan approval. The lenders gain confidence in borrowers with the verification of Aadhar cards and PAN card during a loan application process.

Loan Types Approved Using Aadhar Card
With an Aadhar card in hand, one can avail of different instant personal loans:

Medical loan via Aadhar: A medical emergency can be life-threatening, hence immediate money is required to take any action. Aadhar cards can help borrowers to avail of instant medical loans via online
personal loan apps. ...
... /p>

Education loan via Aadhar: The payment date is nearing and you haven’t organised the admission fees yet! Use the power of your Aadhar card to initiate the loan application process and avail education personal loan before the admissions are full.

Consumer durable loan via Aadhar: Old gadgets or outdated appliances at home! It's time to upgrade to contemporary models. Explore the latest consumer durable products suitable for your home and go ahead with applying for instant loans through Aadhar card verification.

Home Renovation loan via Aadhar: Wall colors faded, electrical need replacement, or an overall renovation is required. Download an
instant loan app, verify Aadhar card details and readily avail home renovation personal loan to beautify your dwelling space.

Festival Loan via Aadhar: India is a land of multiple festivals throughout the year. But when major festivals arrive such as Diwali, Christmas Holidays, New Year, etc. the personal expenses increase drastically and move the budget. To manage the temporary festival expenses, a festival loan is an ideal option that can be easily availed through Aadhar card verification on loan apps.

SimplyCash Paperless Documentation via Aadhar Card
SimplyCash, by
Hero FinCorp, offers an instant loan facility based on paperless documentation, where an Aadhar card is required on priority. Borrowers can avail of a small cash loan between Rs.50,000 to 1,50,000 via SimplyCash with the submission of Aadhar card details during a loan application online.

Follow the below steps on SimplyCash to avail instant loan via Aadhar card:
• Download SimplyCash
loan app on your Android phone from Google Play Store
• Easy Signup & login method using email id and mobile number
• Submit the document number of Aadhar card and PAN card
• Aadhar Card and PAN card are used as paperless e-KYC documents to get an instant personal loan
• Duly filled application form
• Passport-sized photographs
• Electronic signature

So, the Aadhar card has simplified the loan availability procedures and enlightened many lives with easy instant personal loans for immediate financial needs.