Looking to secure a Rs. 50,000 loan on an Aadhar card? Worry not, we will help you to through it. Aadhar card is the primary document, smoothen the entire loan application process. Today’s guide will drive you through the step-by-step process of getting a small cash loan on an Aadhar card in a minimal time. Let’s have a look below:
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Why is an Aadhar Card Important to Secure a 50,000 Loan?
An Aadhar card that is registered to your mobile number and has all the crucial details, such as residential, biometric, etc., enhances the borrower’s credibility. It helps improve the chances of getting instant approval. Hence, Aadhar cards create the basis of approval for getting small cash loans on Aadhar cards without any hassle.
Required Eligibility to Get a 50,000 Loan on Aadhar Card
Here is the best eligibility criteria available for people who are searching to apply for a 50,000 loan on an Aadhar Card:
Parameters | Required Eligibility Criteria |
Age | Applicant must be 21 years old |
Income | Minimum————/M |
Employment Status | Salaried Employee, businessman |
Credit Score | 750+ (depend of lenders) |
Aadhaar Card | Mandatory document |
Bank Account | Active bank account |
Mobile Number | Must be Linked to your Aadhar Card |
KYC Documents | PAN Card, Aadhar card, proof of income |
Nationality | Indian |
Though if you have all the above-mentioned eligibility, you can smoothly avail the instant cash loan In 1 hour without documents.
Mandatory Documents to Get a Rs 50000 Loan on Aadhar Card
If you wish to apply for a 50,000 loan, there are a few more documents additional to the Aadhar card that enhance the chances of availing of the instant loan:
Documents Required | Uses |
Aadhar Card | To verify your details |
PAN Card | Required to check your credit score. |
Proof of Income | Past 3 to 6 months Salary slips |
Proof of Address | Electricity or water bills |
Photographs | 2 passport sized current photographs |
Since requirements vary according to the lender’s criteria for approving a loan request, these were the general documents often required when applying for a small cash loan on an Aadhar card.
How to Avail a Rs 50,000 Loan on Aadhar Card
- Simply download the application suggested by your lender or visit their official website.
- Then, enter your email ID or mobile number to log in or sign up.
- Ensure providing the exact mobile number that is linked to your Aadhar card.
- Afterward, type your 12-digit number mentioned on the Aadhar card.
- Also, enter the required details of your PAN card.
- Scan the documents and upload them thoroughly.
- Once you are done with these steps, wait for the verification process.
- After a while, you will get your loan amount sanctioned directly to your bank account.
The End Note
Your Aadhar card simplifies the process of getting a 50,000 loan on an Aadhar card. Even if you do not have all the required documents, your Aadhar card can help you avail an instant cash loan in 1 hour without documents. The digital era made the entire loan-obtaining process quicker and easier with an Aadhar card. You can consider any trusted app that offers a small cash loan on an Aadhar card that offers suitable benefits and features.