Importance of Aadhaar card in applying for an instant personal loan
Aadhaar card is crucial for instant personal loan applications due to its role in identity verification. Lenders use Aadhaar details to establish the borrower's identity quickly and securely, expediting the loan approval process. This ensures a smooth and efficient loan application experience, enhancing financial inclusion and access to credit.
It is necessary to provide KYC-related documents to obtain a personal loan. However, Bajaj Finserv also provides the Aadhaar-based eKYC facility, reducing the documentation requirement and allowing for paperless user verification. As such, you only need to provide income proof to get a personal loan of up to Rs. 40 lakh.
By applying online, you can get instant approval within 5 minutes as the eligibility criteria for a personal loanare easy to meet. After document verification, the money is disbursed to your bank account within 24 hours*.
We offer collateral-free personal loans, which carry zero hidden charges. You can choose from the flexible repayment terms of up to 8 years to adjust your EMI to your budget. For ease of planning, you can use thePersonal Loan EMI Calculator.
You can use a personal loan for any legal purpose, personal, or commercial. Some reasons to take a personal loan are:
- Medical expenses
- House renovation
- Higher education
- Dream wedding
How to take a personal loan on an Aadhaar Card?
- Toavail of a personal loan, follow the simplepersonal loan application process, provide your 12-digit Aadhaarcard number and authorise UIDAI to disclose your KYC information for verification purposes.
*Terms and conditions apply
