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How to Get a Personal Loan of 1 Lakh on Aadhaar Card?

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With a reliable online platform, you can swiftly apply for a loan by submitting minimal documents, including your Aadhaar card. The not-so-strict eligibility criteria and minimal paperwork make it convenient for individuals needing quick financial assistance. 

Hero FinCorp ensures a swift approval process, and the loan amount can be disbursed directly to your bank account. It's a simple, reliable solution for those sudden financial needs, all with the power of your Aadhaar card.

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Benefits of 1 Lakh Loan on Aadhaar Card

With Hero FinCorp's 1 lakh loan on your Aadhaar card, you can access a world of financial flexibility and convenience.

  • Flexible Loan Amount: With a loan of 1 lakh on your Aadhaar card, you can address a range of financial needs.
  • Collateral-Free Loans: Hero FinCorp offers unsecured loans, ensuring you don't need collateral to secure the 1 lakh loan.
  • Attractive Interest Rates: Enjoy competitive interest rates, starting at 11%, making repayment more affordable and budget-friendly.
  • Flexible Repayment Term: Hero FinCorp provides various tenure options, allowing you to choose a repayment period that suits your financial situation.
  • Disbursal: You can expect quick loan disbursal within 24-48 hours, providing immediate access to your 1 lakh loan amount.

Also, Read: Loan on Aadhar Card - Instant Small Loans Online

Eligibility Criteria for 1 Lakh Loan on Aadhaar Card

  • Citizenship & Age: To be eligible, you must be an Indian citizen and fall within the age bracket of 21 to 58 years.
  • Occupation: The loan is available for both salaried and self-employed individuals.
  • Salaried Individuals: You must be employed for at least six months.
  • Self-employed Individuals: You should have at least two years of experience in your current business.
  • Maximum Loan Tenure: Enjoy a flexible repayment tenure extending up to 60 months.
  • Maximum Loan Amount: You can apply for a loan of up to Rs 5 lakh.
  • Monthly Income: Ensure a minimum monthly income of Rs 15,000 to be eligible.

Interest Rates and Other Charges of 1 Lakh Loan on Aadhaar Card

When considering a 1 Lakh loan on your Aadhaar Card, it's essential to understand the interest rates and other associated charges. 

Let's explore these financial aspects in detail.

Fees & ChargesChargeable Amount

Interest Rate

Starting at 11%

Processing Fee

2.5% to 3.5%

Overdue EMI Interest

2-3% per month +GST

Also, Read: Need 1 Lakh Personal Loan Urgently? Apply Here

Personal Loan EMI of 1 lakh: Tenure 1-5 Years

When securing a 1 Lakh Personal Loan with a flexible tenure of 1 to 5 years, understanding the monthly EMI is very helpful. 

Let's take a look at the EMI variations for a 1 Lakh loan amount, keeping the interest rate at 11% across different loan tenures:

Loan Amount (Rs.)Tenure (Years)Interest Rate (%)Monthly EMI (Rs.)

1,00,000

1

11%

8,838

1,00,000

2

11%

4,661

1,00,000

3

11%

3,274

1,00,000

4

11%

2,585

1,00,000

5

11%

2,174

Note: This is an estimated amount, the actual EMI may vary.

How to Apply for 1 Lakh Loan on Aadhaar Card?

Planning to apply for an instant 1 lakh loan on Aadhaar Card? Here’s how you can do it:

  • Download the Hero App: Get started by downloading the Hero FinCorp Personal Loan App or visit the official website.
  • Fill in Details: Input your personal and financial details, and specify the loan amount (1 Lakh) and tenure.
  • Upload Documents: Upload necessary documents digitally.
  • Submit Application: Once everything is filled and uploaded, submit your loan application.

The Hero FinCorp app has been designed to simplify the loan process, allowing you to apply for a 1 Lakh loan on your Aadhaar card conveniently and swiftly.

Also, Read: How to Apply Personal Loan Using Aadhaar Card?

Conclusion 

Securing an instant 1 Lakh loan on your Aadhaar card from Hero FinCorp is quick and easy. With fast approvals, minimal documentation, and the convenience of online applications, it offers a swift and reliable solution for your immediate financial needs. Don't hesitate! Get your support today with a 1 Lakh loan on your Aadhaar card.

Frequently Asked Questions 

1. What is a 1 Lakh loan on an Aadhaar card?

A 1 Lakh loan on an Aadhaar card is a Personal Loan where you can borrow up to Rs. 1 Lakh based on your Aadhaar card and a few other criteria.

2. How long does it take to get approval for an Aadhaar card loan?

Depending on your documents and other eligibility criteria, an Aadhaar card loan can be approved within 24 hours with Hero FinCorp. 

3. Are Aadhaar card loans secure and reliable?

Yes, Aadhaar card loans from reputable lenders like Hero FinCorp are secure and reliable, offering a legitimate financial solution.

4. Can I get more than one loan on an Aadhaar card?

The possibility of obtaining multiple Aadhaar card loans depends on your creditworthiness and the lending institution's policies. However, it's essential to manage your loans responsibly.

5. What happens if I default on an Aadhaar card loan?

Defaulting on an Aadhaar card loan can negatively impact your credit score and result in legal actions taken by the lender. It's essential to repay loans on time to avoid such consequences.

Disclaimer: The content in this blog is intended solely for informational purposes. Although we make every effort to deliver accurate and up-to-date information, Hero Fincorp has provided an estimated EMI amount, which may vary based on recent updates.

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