Today, Aadhaar Card has become mandatory to avail different kinds of financial services. Serving as a crucial KYC document which has your biometric details, if you want to avail any kind of loan instantly, particularly personal loan, Aadhaar Card can help you.
Availing aninstant personal loan on Aadhaar Card is a simple and straightforward. It helps you in completing the KYC formalities within seconds. Known as e-KYC, it not only eliminates the need for multiple paperwork but establishes authenticity of the borrower.
At the same time, instant loan on Aadhaar Card also removes inconsistencies. In the past, it has been seen that mismatch of name and address has resulted in filing affidavits, which has delayed the loan process. Aadhaar Card removes such inconsistencies.
Aadhaar Card loan can be applied online or offline. For online application, fill up the form and get e-KYC done with the help of your unique 12-digit Aadhaar number. When done offline, visit the branch of the lender, fill up the form and submit copies of your Aadhaar Card along with other documents. In some cases, you might need to provide your salary slip along with bank statement.
Using Aadhaar Card while availing a loan has benefits for both the borrower and lender. While, as a borrower, it allows you to avail a loan quickly, the lender gets a holistic picture of your financial standing with Aadhaar Card. Today, Aadhaar Card coupled with advanced algorithm makes it easy for lenders to know if you are serving any other loan or not.
Reference Post: Avail a Personal Loan using Aadhaar Card
