Aadhaar Card Loan: You can get loan of Rs 5000 with just Aadhaar card, how to apply

Aadhaar Card Loan: If someone tells you that you can get a loan by showing your Aadhaar card, then you might not believe it. But it happens that a loan can be taken through an Aadhaar card. With the help of an Aadhaar card, you can easily take a loan of up to Rs 5000 in minutes. This amount is received without much argument.

Fintech and NBFC companies have simplified the loan process. With the help of just one digital application, Aadhaar and PAN card, this amount is transferred directly to the account. To take a loan from an Aadhaar card, some important things have to be understood. For this, some important process has to be completed.

Who will get a loan of Rs 5000?

If you want to take a loan of up to Rs 5000 on an Aadhaar card, then some important processes should be done. First of all, the age must be more than 21 years. It is necessary to have a regular source of income and a mobile number linked to Aadhaar. The loan process must be completely online.

How to apply for a loan?

First of all, you have to open the mobile app or website.

After this, you can apply through the mobile app or website.

Then you have to enter your name, PAN, Aadhaar number and mobile number.

Then do e-KYC of Aadhaar and PAN, verify with OTP.

Then you have to accept the T&C on getting the offer of loan offer.

Then, on approval, the money will be transferred directly to your bank account within a few minutes.

You will be happy to know that many apps like KreditBee, Moneyview, and mPokket work to offer this type of instant loan.

Know the interest rate.

Usually, the annual interest rate on the loan ranges from 15 per cent to 3 per cent. Usually, its duration is from 3 to 6 months. If the EMI is not paid on time, the credit score gets spoiled. You will also get facilities like auto-debit or an NACH form to repay the loan. The instalments will be deducted easily from these.