How to get an Instant Loan in 5 Easy Steps with an Aadhaar card?

Aadhar card is a mandatory identity proof document for every citizen in India. Whether it is travel, business, education, or any other spot where personal verification is necessary, an Aadhar card solely does the needful. Aadhar card has the biometric data of the user, making the verification process quicker. It is important that your Aadhaar details are correct and remain updated always.

Since the time instant personal loan apps have been accepted widely, the use of Aadhar cards has simplified the task for many borrowers in India. The Aadhar card number verified with your mobile number enables KYC verification in seconds. This simplifies instant loan applications with paperless documentation and takes less time in loan approval.

The loan amount is decided by the lender based on your credit score. Lenders may offer a loan ranging from 50,000 to 1,50,000 or more, depending on 100% authentic submission of documents.

In the absence of an Aadhar card, the loan documentation procedure was quite lengthy with the submission of physical documents. This made the loan verification process time-consuming. But today the scenario is much better for borrowers in India where they can simply make use of Aadhar cards to avail of instant loans. With the paperless documentation technique, Aadhar card soft copy or Aadhar number is required to be uploaded on the instant loan app or credit portal for paperless document verification.