Aadhaar Card Update: The compulsion of the Aadhaar card is increasing across the country. From financial work to school, government schemes and jobs, the Aadhaar card is given priority. If you do not have these documents, you would have to face difficulties. Do you know that through the Aadhaar card, a loan amount of up to Rs 5000 can be easily obtained without much formality.
It may seem surprising to hear this, but it is 100% true. At present, Fintech and NBFC companies have made loans very easy. With the help of a digital application, Aadhaar and PAN card, this amount can be transferred directly to your account. Know the updates related to this below.
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Know who will get the loan?
Some important conditions have been kept for taking a loan through the Aadhaar card. For this, the age of the applicant should generally be more than 21 years. Apart from this, it is necessary to have a source of income. It is very important that the Aadhaar card is linked to the mobile number. The process for a loan is completely online and easy. Registration, OTP verification and minimum documentation are enough. The application process is quite simple.
For this, first of all, you can apply through the mobile app or the website.
Then you will have to enter your name, PAN Aadhar card, and mobile number.
Then you will have to verify e-KYC and OTP of Aadhaar and PAN.
As soon as you get the loan offer, you will have to accept the T&C.
After this, on approval in a few minutes, the money will be directly put into your account.
Know the interest rates.
The annual interest rate on a small loan amount can be from 15 to 36per centt. Anyway, its tenure is usually 3 to 6 months only. If you do not pay the EMI on timeyourhe credit score becomes very bad. This is the reason why it is very important to pay on time.