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Tata Capital > Blog > Personal Use Loan > How to Apply for a Rs. 2 Lakh Loan on an Aadhaar Card?

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How to Apply for a Rs. 2 Lakh Loan on an Aadhaar Card?

How to Apply for a Rs. 2 Lakh Loan on an Aadhaar Card?

Are you in need of immediate financial assistance and considering applying for a loan on your Aadhaar card? If so, you have come to the right place. In this article, we will guide you through the process of applying for a Rs. 2 lakh loan using just your Aadhaar card as the primary document. To avail of a personal loan of Rs. 2 lakh on your Aadhaar card, you must choose a trusted financial partner that offers streamlined solutions for individuals seeking quick financial assistance. However, it is important to note that the Aadhaar card alone is not sufficient to avail the loan. You will be required to submit additional documents such as your PAN card and salary slips, etc.

At Tata Capital, we understand that unexpected expenses or pressing financial needs can arise at any time. We aim to provide swift and reliable financial solutions to help you overcome these challenges, without unnecessary paperwork or delays.

Benefits of a Rs 2 Lakh Loan on Your Aadhaar Card

Here are the benefits of availing of a Rs 2 lakh loan on Aadhaar card:

1. Flexible Loan Amount: With a Rs 2 lakh loan, you can address various financial requirements such as medical emergencies, home repairs, education expenses, or even debt consolidation.

2. Collateral-Free Loans: Unsecured loans that do not require any collateral or security. This means you do not have to worry about pledging any assets to avail of the loan.

3. Attractive Interest Rates: Competitive interest rates on loans ensure affordable monthly repayments and reduce your overall financial burden.

4. Flexible Repayment Term: You have the freedom to choose a repayment tenure that aligns with your financial situation and comfort level. At Tata Capital, you can select a tenure of up to 60 months for your Rs 2 lakh loan.

5. 24-Hour Disbursal: You can expect to receive the sanctioned loan amount directly in your bank account within 24 hours. This ensures immediate access to funds when you need them the most.

Eligibility Criteria for Rs 2 Lakh Loan on Aadhaar Card

To apply for a Rs 2 lakh loan on your Aadhaar card, you need to meet the following eligibility criteria:

1. Citizenship & Age: You should be an Indian citizen aged between 21 and 58 years.

2. Occupation: This loan is available for both salaried individuals and self-employed individuals.

3. Work Experience: Salaried individuals should have at least six months of employment history, while self-employed individuals should have a minimum of two years of business experience.

4. Maximum Loan Tenure: You can enjoy a flexible repayment tenure of up to 60 months.

5. Maximum Loan Amount: You can apply for a loan amount of up to Rs 5 lakh, depending on your eligibility and requirements.

6. Monthly Income: Maintain a minimum monthly income of Rs 15,000 to meet the eligibility criteria.

It is important to note that meeting these eligibility criteria does not guarantee loan approval. The final decision rests with the lender based on their internal policies and credit assessment process.

Interest Rates and Other Charges

Understanding the interest rates and charges associated with your Rs 2 lakh loan on an Aadhaar card is crucial. Here are the details:

Interest Rate: The interest rate for a personal loan can range from 11% to 35%, depending on factors like your credit history, income, and repayment capacity.

Processing Fee: Lenders typically charge a processing fee for loan applications. This fee can range from 2.5% to 3.5% of the loan amount. To get an accurate EMI calculation specific to your loan requirements and tenure preference, you can use a personal loan EMI calculator.

Now that we have covered the eligibility criteria and interest rates, let us move on to the application process for the Rs. 2 lakh loan on your Aadhaar card.

How to Apply for a Rs. 2 Lakh Loan on Your Aadhaar Card?

Here is the process of applying for a Rs. 2 lakh loan on your Aadhaar card:

1. Research and Compare: Start by researching different lenders and comparing their interest rates, charges, repayment terms, customer reviews, etc.

2. Gather Documents: Collect all the necessary documents required for the loan application process. These may include your Aadhaar card, PAN card, salary slips (for salaried individuals), bank statements, income tax returns (for self-employed individuals), etc.

3. Visit the Lender's Website: Once you have chosen a lender, visit their official website or download their mobile app to begin the application process.

4. Fill in Details: Provide all the required personal and financial details accurately in the loan application form. Be sure to mention that you are applying for a Rs. 2 lakh loan on your Aadhaar card.

5. Upload Documents: Digitally upload all the necessary documents as per the lender's instructions. Ensure that all the documents are clear and legible to avoid any delays in processing your application.

6. Submit Application: Double-check all the information provided in the application form and then submit your loan application online.

7. Await Approval: Once you have submitted your application, the lender will review your details and evaluate your eligibility for the loan. This process usually takes a few days, but some lenders offer quick approval within 24 hours.

8. Loan Disbursal: If your loan application is approved, the sanctioned loan amount will be credited directly to your bank account within a specified timeframe, usually within 24-48 hours.


Obtaining a loan on your Aadhaar card can be a convenient option when you require immediate financial assistance. With Tata Capital's streamlined process, minimal documentation, competitive interest rates, and quick disbursal of funds within 24 hours, we aim to make your borrowing experience hassle-free.

Remember to carefully assess your financial situation and repayment capacity before applying for any loan. Ensure to read and understand all terms and conditions provided by the lender. If you meet the eligibility criteria mentioned earlier and require a Rs. 2 lakh loan on your Aadhaar card, download the Tata Capital App to begin your application process today.

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