Loan on Aadhar Card - Instant Small Loans Online
The personal loan documentation process is simplified to a great extent with an Aadhar card. Borrowers applying for small cash loans online can enter the Aadhar card number linked to their mobile number for verification of personal details. This process is known as e-KYC verification where physical documents are not required. There are some lenders who accept personal loan applications online using the scanned Aadhar card copy.
Advantages of applying for a personal loan via Aadhar Card
The introduction of the Aadhar card made the personal loan procedure simple with the following benefits:
-Aadhar card proves to be a concrete proof of the borrower’s Indian citizenship and identity. So, only one document is enough for personal identity verification.
-Aadhar card can be used as a sole document to apply for more than one personal loan online.
-Aadhar card clearly states about the borrower’s age, photo, address, and identity. So, there is no requirement for any second document.
-Aadhar card makes the personal loan process simpler, saves documentation time and, enables instant approval/sanction of the loan amount.
Steps to use Aadhar card to avail small cash loans online
- Install an instant loan app on your phone or visit the loan provider’s website
- Register with your mobile number and email id
- Enter the mobile number that is linked to your Aadhar card for identity and address verification
- Enter the 12-digit Aadhar card Number as KYC proof.
- Some websites may require a scanned copy of Aadhar card with other income-related documents
- After verification of the submitted documents, the sanctioned loan amount will be credited directly into your bank account
Paperless documentation is being promoted by the government of India to prevent loan-related frauds. Aadhar card contains all the necessary personal details of the borrower; this has decreased the number of fraudulent banking activities online. So, whether you are applying for a small cash loan for travel, home renovation, medical emergency, etc. ensure you have an Aadhar card copy handy during the small loan application online.
Instant loan app by HeroFinCorp that provides online personal loan approval online in 24 hours on the basis of Aadhar card verification. Borrowers can avail of a loan between Rs.50,000 to 1.5 Lakh using the Aadhar card on Hero Fincorp.
Popular Small Cash Loans are Available on Aadhar Card?
Financial companies in India have created different types of short-term loans to suit different financial needs. Borrowers can avail of the below small loans on their Aadhar card via instant loan apps:
Home Renovation Loan: Urgent home repairs and renovation work incur a considerable amount of expense. These can be covered with a small cash loan that can be repaid in a year’s time. Refurbish your home with small loans made easily available with Aadhar card paperless documentation.
Consumer Durable Loan: There are many latest electronic gadgets and appliances available in stores and online platforms. These are expensive products that can be bought on EMIs via consumer durable loans. DSLR camera, Apple iPhone, smartwatch, kitchen chimney, food processor, etc. can be yours with Aadhar card approved instant personal loans.
Medical Emergency Loan: A medical emergency demands urgent cash. Instant personal loan apps are a great source of acquiring immediate money based on Aadhar card verification.
About Hero Fincorp
Hero Fincorp offers a wide range of financial products including Personal Loans for personal needs, Business Loans to support business growth, Used Car Loans for purchasing pre-owned vehicles, Two-Wheeler Loans for bike financing, and Loan Against Property for leveraging real estate assets. We provide tailored solutions with quick processing, minimal paperwork, and flexible repayment options for smooth and convenient borrowing experience.
Written by Manya Ghosh
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Manya is a seasoned finance professional with expertise in the non-banking financial sector, offering 3 years of experience. She excels in breaking down complex financial topics, making them accessible to readers. In their free time, she enjoys playing golf.
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Did You Know
Disbursement
The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.
We are one of India's fastest growing NBFCs, disbursing a loan every 30 seconds.
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Validity of Current License: 22-03-2023 to 21-03-2026 Category of License: Corporate Agent (Composite)
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