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How To Get A Personal Loan Of Rs 2 Lakh On Aadhaar Card?

2 lakh loan on aadhar card

Hero FinCorp, a trusted financial partner, offers a streamlined experience for those seeking quick financial assistance. However, it is important to know that the Aadhaar card alone cannot avail you of the loan. You must present more documents, such as PAN cards, salary slips, etc. 

Hero FinCorp ensures a swift approval process, and the sanctioned loan amount is efficiently credited directly to your bank account. It's a simple, reliable solution powered by the convenience of your Aadhaar card.

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Benefits of a Rs 2 Lakh Loan on Aadhaar Card

Hero FinCorp's Rs 2 Lakh loan on an Aadhaar card offers a wide range of benefits for the borrowers. With our loan, you can get the freedom to financial flexibility and utmost convenience. Here are the benefits: 

  • Flexible Loan Amount: Address various financial requirements with a Rs 2 Lakh loan.
  • Collateral-Free Loans: Secure unsecured loans without the need for collateral.
  • Attractive Interest Rates: Enjoy competitive interest rates, facilitating affordable repayments.
  • Flexible Repayment Term: Choose from different tenure options that align with your financial situation.
  • 24-Hour Disbursal: Experience the convenience of loan disbursal within 24 hours for immediate access to funds.

Also, Read: How to Check Your Current Cibil Score by Aadhar Card?

Eligibility Criteria for Rs 2 Lakh Loan on Aadhaar Card

  • Citizenship & Age: Indian citizenship and an age range of 21 to 58 years.
  • Occupation: Available for both salaried and self-employed individuals.
  • Work Experience: Salaried individuals need at least six months of employment, while self-employed individuals require a minimum of 2 years of business experience.
  • Maximum Loan Tenure: Enjoy a flexible repayment tenure of up to 60 months.
  • Maximum Loan Amount: Apply for a loan of up to Rs 5 Lakh.
  • Monthly Income: Maintain a minimum monthly income of Rs 15,000 to meet the eligibility criteria.

Interest Rates and Other Charges of Rs 2 Lakh Loan on Aadhaar Card

Understanding the interest rates and other associated charges is crucial when contemplating a Rs 2 Lakh loan on your Aadhaar Card.

Fee and Charges Amount to be Charged

Interest Rate

11% - 35%

Processing Fee

2.5% - 3.5%

Personal Loan EMI of Rs 2 Lakh: Tenure 1-5 Years

When considering a Rs 2 Lakh Personal Loan with a flexible tenure of 1 to 5 years, understanding the monthly EMI becomes essential. Let's explore the EMI variations for a Rs 2 Lakh loan amount with an 11% interest rate across different loan tenures:

Loan Amount (Rs.) Tenure (Years) Interest Rate (%) Monthly EMI (Rs.)

2,00,000

1

11%

17,676

2,00,000

2

11%

9,322

2,00,000

3

11%

6,548

2,00,000

4

11%

5.169

2,00,000

5

11%

4,348

Also, Read: Get Personal Loan on Pan and Aadhar Card

How to Apply for 2 Lakh Loan on Aadhaar Card

Planning to apply for an instant Rs 2 Lakh loan on an Aadhaar Card? Here's how:

  1. Download the Hero App: Begin by downloading the Hero FinCorp Personal Loan App or visit the official website.
  2. Fill in Details: Provide personal and financial details, specifying the loan amount (Rs 2 Lakh) and tenure.
  3. Upload Documents: Digitally upload the necessary documents.
  4. Submit Application: Once completed, submit your loan application.

The Hero FinCorp Personal Loan App streamlines the process, allowing you to conveniently and swiftly apply for a Rs 2 Lakh loan on your Aadhaar card.

Conclusion 

Obtaining an instant Rs 2 Lakh loan on an Aadhaar card from Hero FinCorp could serve as a vital financial resource. With speedy approvals, minimal paperwork, and user-friendly online applications, it provides a prompt and trustworthy solution for your urgent financial requirements. Don't delay—get access to your assistance today with a Rs 2 Lakh loan on your Aadhaar card.

Also, Read:  How to Get 50000 Personal Loans with Aadhaar Card

Frequently Asked Questions

1. What is a Rs 2 Lakh loan on an Aadhaar card?

A Rs 2 Lakh loan on an Aadhaar card is a Personal Loan where you can borrow up to Rs 2 Lakh based on your Aadhaar card and a few other criteria.

2. How long does it take to get approval for an Aadhaar card loan?

An Aadhaar card loan can be approved within 24 hours with Hero FinCorp, depending on your documents and other eligibility criteria. 

3. Are Aadhaar card loans secure and reliable?

Yes, Aadhaar card loans from reputable financial institutions like Hero FinCorp are secure and reliable, offering a legitimate financial solution.

4. Can I get more than one loan on an Aadhaar card?

The possibility of obtaining multiple Aadhaar card loans depends on your creditworthiness and the financial institution's policies. However, it's essential to manage your loans responsibly.

5. What happens if I default on an Aadhaar card loan?

Defaulting on an Aadhaar card loan can harm your credit score and may also result in legal actions taken by the financial institution. It's better to repay loans on time to avoid such consequences.

Disclaimer: The content in this blog is intended solely for informational purposes. Although we make every effort to deliver accurate and up-to-date information, Hero Fincorp has provided an estimated EMI amount, which may vary based on recent updates.


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Did You Know

Disbursement

The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.

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