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Tata Capital > Blog > Personal Use Loan > How to Get a 50000 Loan On Aadhar Card

Personal Use Loan

How to Get a 50000 Loan On Aadhar Card

How to Get a 50000 Loan On Aadhar Card

Aadhar Card Loan – an Introduction

Today, loans cannot be processed without KYC, a government-mandated process requiring compliance from lenders and borrowers. Given that biometrics are connected to the Aadhaar, when an individual applies for a personal loan and provides their UIDAI number, the process becomes more accessible and less cumbersome for the lending party. 

What is the loan amount that one can avail of via their Aadhaar?

If a candidate does not have a salary statement and wishes to apply for a personal loan with their Aadhaar, they have to provide their last six-month bank statement. Once they have uploaded it, the lender will assess the details and make a final assessment of the personal loan available. In most cases, lenders are happy to offer an amount as low as INR 5,000 and as much as INR 25 lakh based on the UIDAI number of an individual. 

Eligibility criteria for 50000 Loan On Aadhar Card

For all those who wish to apply for a personal loan on Aadhaar only, here are the eligibility criteria to keep in mind – 

  • The individual must possess a unique Aadhaar card issued to them by the UIDAI
  • They must be a resident Indian citizen aged between 20 and 60 years
  • The candidate must be a salaried or a self-employed individual earning at least INR 15,000 monthly
  • The credit score of the individual should be 600 or higher
  • They should be working for at least a year

 Documents Required to Apply 50000 Loan On Aadhar Card Online

  • Aadhaar Card: Primary document used to verify residence and identity.
  • Income Proof: Provide income certificates, bank statements, or pay slips.
  • Passport-sized Photograph: A recent photo may be required by certain lenders.
  • Age Proof: Provide proof of age in the form of a birth certificate, passport, or voter ID.

Get Loan on Aadhar Card in 6 Easy Steps

  • Visit Tata Capital’s website and start the loan application.
  • Enter your personal and loan details.
  • Upload required documents.
  • Wait for verification.
  • Receive loan approval and disbursement.
  • Choose a flexible loan tenure.

Conclusion

We understand personal loans can serve a myriad of purposes. From mitigating financial emergencies to helping manage unforeseen household expenses, these loans are a life savior and hold extreme importance in our lives.  With Aadhaar’s increasing importance, we realized the need to introduce a loan model where the borrower can apply without salary slips or other documents otherwise required for a personal loan. All the individual must do is to furnish their UIDAI number and some additional documents for verification and get an INR 50,000 loan on Aadhaar card within hours. 

Related Blogs on Aadhar Card

How to Download Aadhar Card | How to Check Aadhaar Card Status | How to Link Aadhaar Card to Bank Account | How to Change Name on Aadhaar Card After Marriage | How to Fill Aadhaar Enrollment Form | How to Get Loan on Aadhar Card | How to Link Aadhaar Card with PAN Card | How to Update Mobile Number in Aadhaar Card | 10000 Loan on Aadhar Card | 20000 Loan on Aadhar Card

FAQs

1. Is an Aadhaar loan available?

Yes, Aadhaar loans are available. These are instant personal loans that feature minimal documentation and quick processing with the Aadhaar card for verification. Many financial institutions and NBFCs offer Aadhaar-based loans with minimal documentation and faster approval times to ensure quick access to the funds.

2. How to get a ₹10,000 loan on an Aadhaar card?

To get a ₹10,000 loan on your Aadhaar card, visit your preferred lender's website and fill out the personal loan application form. Provide your Aadhaar card for KYC verification. Once verified, the loan will be approved, and the loan amount will be disbursed quickly.

3. What is the maximum loan amount on an Aadhaar card?

The maximum loan amount on an Aadhaar card varies by lender. A lender might allow you to apply for a personal loan for as much as Rs. 25 lakhs with your Aadhaar card, depending on their policies, your creditworthiness, and other eligibility criteria.

4. Can I get a loan on my Aadhaar card?

Yes, you can get a loan using your Aadhaar card. Many lenders offer personal loans that use Aadhaar for verification and quick processing. Ensure you meet the eligibility criteria and have the necessary documents to facilitate a smooth application process.