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How to get Personal loan using an Aadhar Card
Aadhar card, a 12-digit identification number issued by the UID of India on behalf of the government of India, serves as a proof of identity and address, anywhere in India. And now it is also an essential document for availing online instant personal loans.
 
A personal loan is a multipurpose loan and can be used for a plethora of reasons. In the digital age, availing of a personal loan is no more tiresome and a complicated service as all the processing is done online. Earlier applying for a loan was a tedious task with loads of documents to be submitted for verification.
 
HeroFinCorp, an instant personal loan app has developed a hassle-free and user-friendly digitized personal loan app for ease of borrowing a sum ranging between 50,000 - 1,50,000 at an affordable interest rate.
 
To get a personal loan from HeroFinCorp, you just need your Aadhar card and PAN card as mandatory documents for E-KYC verification. It is an electronic procedure, totally paperless that saves a lot of time, helping with the quick loan approval.
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Benefits of Personal loan using Aadhar card


Aadhar Card is a mandatory document when you apply for an instant personal loan through the HeroFinCorp loan app.
 
Here are some beneficial features connected to HeroFinCorp instant loan when availed by using an Aadhar card:

Quick approval

Aadhar card gives a clear picture of the borrower’s identity, inclusive of age, name, address, and photo. This confirms the eligibility and helps in quick loan approval.
 

Swift loan disbursement

Verification of Aadhar card is done in real-time through the digital technology. Same-day documents verification is possible now, resulting in swift loan disbursal.
 

Paperless documentation

Those applying for instant loans online have to go through a paperless documentation procedure. This gives convenience and increases the speed of loan approval.
 

Unique code

Aadhar card carries a unique number that is assigned differently to each cardholder. This doesn’t create any discrepancy with multiple loan accounts.
Although with documents like Aadhar card and PAN card, it is also mandatory to meet the lender's eligibility criteria
 
  • Your age limit should be between 21 - 58 years
  • Your minimum income of Rs.15,000 monthly is mandatory
  • Your last 6 months of bank statement
  • You should be an Indian resident
 
If you abide by the basic eligibility criteria, getting a personal loan using an Aadhar card would be easy. You just need to keep your Aadhar card handy to get the personal loan sanctioned. For safety reasons and future reference of the borrowers, Aadhar card records are maintained digitally to get all the borrower data at one source.
 
 

To Avail Personal Loan
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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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