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A Quick Guide to Avail a Personal Loan With Just your Aadhaar Card

Gone are the days when you had to provide multiple documents to get a loan. In the age of digitalisation, you can get instant loan approval after application. Moreover, personal loans are even easier to avail of as most banks or financial institutions offer unsecured loans based on your Aadhar card, meaning you do not have to provide any collateral or guarantee.

Eligibility for the Personal Loan

Before applying for a loan, first, you must check whether you are eligible to get it approved. There are minimal eligibility criteria laid out by most institutions as follows:

  1. The applicant must be an Indian citizen.
  2. The age of the applicant must be above 18 years. Some banks have a minimum age limit of 21 years.
  3. The applicant must have a monthly income above Rs. 25,000 if salaried. A non-salaried individual has different criteria. This criterion will differ with each institution.
  4. The applicant must have two years of work experience if a salaried individual. With the current employer, the applicant must be working for at least one year at the time of the loan application.

    Read more: Interesting Ways To Get  A Loan To Plan A Perfect Budget Wedding In India

Documents Required

To get an instant loan on Aadhar Card, you must provide the following documents with your loan application:

  • Identity Proof: Aadhaar Card, Voter’s ID, Passport
  • Address Proof: Aadhaar Card, Utility Bill
  • Salary Proof: Salaried individuals will have to provide their salary details or salary slips
  • Form 16: Both salaried and non-salaried individuals must provide their tax returns filed six months after the date of the loan application

Procedure to Apply for the Personal Loan

Follow the steps mentioned below to get instant loan approval:

Step one:

Before you begin the loan application procedure, it is necessary to select a lending institution. While choosing the bank, check all the essential bits, like interest rates, documentation requirements, etc.

Step two:

Once you select a lending institution, check whether you fulfill its eligibility criteria. Most of them offer an online eligibility calculator for free on their website.

Step three:

Select the tenure that suits you. It is crucial as it is a huge determiner of the EMI. You can use the EMI calculator on the bank’s website for free. First, mention the amount you require, the interest rate levied by the bank, and the tenure for which you want a loan. Then, click on calculate, and you will get a tentative EMI amount.

Step four:

After finalizing everything, you can start the loan application procedure by opting for an online or offline process.

Step five:

Visit the lender’s website or office and get the loan application form.

Step six:

Duly fill out and submit the form.

Step seven:

Upload the required documents if applying online. For the offline procedure, submit the records along with the application form.

Step eight:

You will get the message of instant personal loan approval on Aadhaar on your registered mobile number.


You can get personal loans for any reason you deem suitable, simply with your Aadhar card only. Therefore, take all the necessary precautions before you make any financial commitment.


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