Aadhaar Card Loan- Until a few years ago, the process of taking a personal loan was quite long, which involved frequent visits to the bank and submission of a lot of documents. But now everything has changed. In the current digital era, instant personal loan can be taken on the basis of only Aadhaar and PAN card. If you have already prepared the necessary documents, then you can apply for a loan in minutes and also get instant approval.
You can complete the documentation process for a personal loan by uploading digital copies of documents. Both Aadhaar and PAN are the most important documents to get a personal loan. But nowadays some lenders provide personal loans on Aadhaar card only. However, during this, it is important to keep some factors in mind, which we are going to tell you in this article.
What is an instant loan?
Instant loan is actually a personal loan which gets approved and disbursed very quickly. Its biggest feature is that it is completely digital and there is very little hassle of documentation in it. This process is completed with the help of digital KYC, in which only basic documents like Aadhaar and PAN are required.
How to get loan through Aadhar card?
Nowadays, there are many lenders who are giving instant personal loans just on the basis of Aadhaar card. This is especially helpful for those who do not have other ID or address proofs readily available. However, in some cases, the lender may also ask you for PAN card and income proof.
Benefits of instant loan
During an emergency, the biggest need is to get a loan on time. In an instant loan, you do not have to go to the bank and the process can be completed in a few minutes. You can apply for a loan in a few clicks through the mobile app or website. Here you do not need to submit thick files or a long list of documents. In many cases, Aadhaar and PAN are sufficient. For this type of loan, you do not need to mortgage any of your property or anything else. With this, you can get help in emergency without any risk.