How To Get A Personal Loan Using An Aadhaar Card?

by Alexander Griffin
How To Get A Personal Loan Using An Aadhaar Card

Until some years back, there was no official ID for the citizens of India. As proof of identification, some used their voter card, while others their driver license. However, the government felt the need for a standard official ID and Aadhaar Card was launched in April 2010. The card was aimed to provide all citizens with better access to various services.

Though the decision was earlier criticised, now Aadhaar Card has become a unique identifier for each individual. After the demonetisation, when the digital wave swept India, Aadhaar Card came to the rescue of each individual seeking lenders’ financial services. From loan to cards and bank account opening, everything was now done with just your Aadhaar card. You could replace the entire stack of ID proofs, address proofs and birth proof with just an Aadhaar card.

What is an Aadhaar Card?

It is a 12-digit unique identity number, which permanent residents and Indian passport holders can obtain based on their biometric and demographic data. It was launched keeping in mind the following benefits:

  1. Universal identity of each citizen
  2. It is a versatile card that can be used as an address, identity, and age proof.
  3. Will help citizens receive the subsidies, eliminating the middlemen.

Let us now determine how one can get a personal loan using an Aadhaar card.

Personal Loan with Aadhaar Card

When applying for a personal loan, the applicant must fulfil some eligibility criteria concerning the credit score, income and age. For verification of this information, the applicant is required to upload some documents for verification. These documents include:

  1. Duly filled and signed application form
  2. Proof of identity
  3. Proof of address
  4. Proof of age
  5. Salary slips for the last three months (for salaried)
  6. Bank statement for the previous six months
  7. Income tax returns or form 16
  8. Proof of Income / financial statements (for self-employed)

With an Aadhar card loan, the applicant must not submit all the documents as the lender can verify their identity with the UIDAI Aadhaar Biometrics.

Eligibility criteria for Aadhaar Card loan

To improve your chances of approval, you must fulfil the eligibility criteria of a personal loan:

  1. The applicant must be an Indian resident
  2. The applicant must either be self-employed or a salaried individual with Public Sector Undertaking or a private limited company.
  3. Applicants must be aged between 21 to 60 years.
  4. For salaried individuals residing in Delhi or Mumbai, the minimum income should be Rs 25,000, and for the rest of India, it is Rs 20,000.
  5. For self-employed individuals, the minimum yearly profit after tax is based on their profession.
  6. A CIBIL score of 750+ is required for loan approval

These are necessary, not the only criteria for loan approval.

Applying for an Aadhaar loan

With an Aadhaar Card, you can apply for a personal loan in minutes by following the below steps:

Step 1: Visit the lender’s website or download the instant loan app from Google Play Store or Apple Store.

Step 2: Navigate to the personal loan page and click on ‘Apply Now’

Step 3: Fill the application form for a personal loan, and mention your personal, professional and banking details.

Step 4: Upload your Aadhaar card, Salary Slip and Income tax return form and click on Submit.

Step 5: A customer care executive will contact you to discuss the loan’s various terms and verification purposes.

Step 6: Your loan application will be approved within 24 hours and credited into your bank account within the next 30 mins.


With the Aadhaar card, you can enjoy a personal loan of up to Rs 25 lakhs with a flexible interest rate for a flexible repayment tenure. However, it is necessary to check all the terms and conditions for the Aadhaar loan before finalising it.

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