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.