How to Get Rs 2 Lakh Personal Loan on Aadhaar Card

In today’s digital-first economy, obtaining an instant 2 lakh loan on Aadhaar card is a streamlined process facilitated by **RBI-**regulated NBFCs. It is essential to understand that while your Aadhaar serves as a primary KYC (Know Your Customer) document as per the Reserve Bank of India (RBI) Master Direction on KYC (Updated June 2025) [1], it acts as identity and address proof rather than collateral. Hero FinCorp, a regulated NBFC, leverages this digital infrastructure to offer quick fund support. However, a 2 lakh loan on Aadhaar card online strictly requires supplementary documentation, such as a PAN card and recent bank statements, to verify your creditworthiness and debt-to-income ratio.

What is a Rs 2 Lakh Personal Loan on Aadhaar?

A Rs 2 Lakh loan on an Aadhaar card is an unsecured Personal Loan where the application is initiated using your 12-digit Aadhaar number for instant e-KYC. This significantly reduces the physical paperwork traditionally required for high-ticket loans. Per the 2025 Digital Lending Guidelines, lenders must provide a Key Facts Statement (KFS) before you sign the contract.

Benefits of Opting for a 2 Lakh Loan

Choosing a 2 lakh loan on Aadhaar card offers several advantages:

• No Collateral Required: As an unsecured loan, you do not need to provide security or pledge any assets.
• Speedy Disbursal: Digital verification allows for approval and fund transfer in as little as 30 minutes for eligible customers.
• Paperless Process: The entire journey—from application to agreement signing—is digital via e-Sign (Aadhaar-based electronic signature).
• End-Use Flexibility: Use the funds for medical emergencies, home renovation, or unforeseen personal expenses.

Eligibility Criteria for a 2 Lakh Loan on Aadhaar

To qualify for a 2 lakh loan on Aadhaar card online, you must meet the following criteria:

• Citizenship: You must be a residing citizen of India.
• Age: Applicants should typically be between 21 and 58 years of age.
• Employment Type: Available to salaried individuals working with reputed firms and established self-employed professionals.
• Income Proof: A minimum monthly income of ₹15,000 is the baseline, though ₹25,000+ is often required to ensure repayment capacity for a ₹2 Lakh ticket size.
• Credit Score: A CIBIL score of 700 or above is generally required for a loan of this magnitude to secure competitive interest rates [3].

Interest Rates and Charges (Updated December 2025)

While interest rates vary based on credit assessment, here is the current market range for NBFCs:

• Interest Rate: Starts from 19% per annum depending on individual risk profiles.
• Processing Fees: Usually ranges from 2% to 4% of the loan amount plus GST.
• Foreclosure Charges: As per RBI norms, no foreclosure charges apply to floating-rate personal loans for individuals; however, fixed-rate loans may attract 2% to 4% charges [4].
• Late Payment Fees: Penal charges (not interest) apply for delayed EMIs as per the "Fair Lending Practice" circular [5].

EMI Calculation for Rs 2 Lakh Loan

Understanding your monthly commitment is vital. Below is an indicative EMI table for a ₹2,00,000 loan at an average 19% interest rate:

Disclaimer: These figures are indicative. Final EMI is subject to the interest rate offered after a hard credit pull.

How to Apply for a 2 Lakh Loan on Aadhaar Card Online

1. Digital Onboarding: Download the app of an RBI-regulated NBFC or visit their official website.
2. Profile Entry: Enter your Aadhaar and PAN details to initiate an automated credit check.
3. Amount Selection: Specify if you need an Aadhaar card loan 200000 or the full instant 2 lakh loan on Aadhaar card.
4. E-KYC & Documentation: Complete the paperless process via Aadhaar OTP verification (V-CIP or Video KYC may be required for high-value amounts).
5. Approval & Agreement: Review the Key Facts Statement (KFS) and Digital Loan Agreement carefully before e-signing.

Frequently Asked Questions

Is Aadhaar alone enough for a 2 lakh loan?

No. While Aadhaar handles KYC (identity and address), lenders require income proof (salary slips or bank statements) to verify your ability to repay the loan as per RBI's credit assessment norms.

Can I get a 200000 loan on Aadhaar card with a low credit score?

While smaller amounts like an aadhar card loan 200000 are easier to obtain, a score below 650 may result in high-risk pricing (higher interest) or rejection.

Is the digital process secure?

Yes, provided you apply through RBI-regulated entities listed on the RBI’s official website. Always ensure the app has a valid SSL certificate and follow RBI’s 2025 cybersecurity guidelines regarding data localization [6].

What happens if I fail to repay?

Non-payment will lead to a significant drop in your CIBIL score, making future financial assistance difficult. It also attracts statutory penal charges and legal implications.

External Citations (Primary Sources)

1. RBI Master Direction - Know Your Customer (KYC) Direction, 2016 (Updated 2025)
2. RBI Guidelines on Digital Lending - Transparency in Aggregation (2025)
3. CIBIL - Understanding Credit Score Importance for Loans
4. RBI Circular on Pre-payment/Foreclosure charges (Updated 2025)
5. RBI Fair Lending Practice - Penal Charges in Loan Accounts
6. RBI Master Direction on IT Outsourcing and Cybersecurity

Mandatory YMYL Disclaimer

Disclaimer: Hero FinCorp is an RBI-regulated NBFC. Personal loans are subject to credit approval and individual eligibility. Interest rates, processing fees, and terms mentioned are subject to change based on the prevailing market conditions and the lender's internal policies as of December 2025. Borrowers are advised to read the Key Facts Statement (KFS) and Loan Agreement carefully before proceeding. Defaulting on repayments will adversely affect your credit score and may lead to legal action.