Aadhar Card Loan Eligibility Criteria
Borrowers must fulfill the basic criteria required to avail loan on Aadhaar Card. The criteria is as follows.
- Borrowers should be aged between 21 years and 57 years
- The applicants must be salaried or self-employed
- Their monthly in-hand income must be ₹13,500 or more
- Your Income should be received in a bank
- A minimum CIBIL score of 600 or an Experian score of 650 is required
Interest Rates and Other Charges for Aadhaar Card Loan
With moneyview, you can get an instant Loan with your Aadhaar Card or PAN card at affordable interest rates with no hidden charges. The minimum amount that you can borrow is Rs.5,000 and the maximum loan amount can go up to Rs.5,00,000 based on your eligibility. Other applicable charges are given below
Mandatory Documents Required for an Aadhaar Card Loan
- Aadhaar Card
- PAN Card
- Proof of address: Passport/Driving License/ Ration Card/Electricity Bill/Rent Agreement
- Income Proof – Salary slips, Income Tax Returns & Bank Statements
- Cheques of your salary account
- Duly filled application form
- Passport-sized photos
Eligibility Criteria for Applying for an Aadhaar Card Loan
- You need to be a resident of India
- You must be between the ages of 23 and 57 years
- You must be working with a public/private company or an MNC.
- The minimum salary requirements may vary depending on the lender and the city of residence
Documents Required for Aadhaar Card Loan
Given below are the documents required for personal loans from moneyview on Aadhaar card.
Documents Required for Salaried Applicants
Identity Proof (Any 1)
- PAN Card (This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any of the officially valid documents given below will suffice).
- Aadhaar Card.
- Valid Indian Passport.
- Valid Voter ID.
- Valid Driver’s License.
Address Proof (Any 1)
- Aadhaar Card.
- Valid Indian Passport.
- Valid Voter ID.
- Valid Driver’s License.
- Utility Bills (Electricity, Water, Gas) dated within the last 60 days.
Income Proof
- Last 3 months’ bank statements of your salary account in PDF format showing salary credits
Documents Required for Self Employed Applicants
Identity Proof (Any 1)
- PAN Card (This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any of the officially valid documents given below will suffice).
- Aadhaar Card.
- Valid Indian Passport.
- Valid Voter ID.
- Valid Driver’s License.
Address Proof (Any 1)
- Aadhaar Card.
- Valid Indian Passport.
- Valid Voter ID.
- Valid Driver’s License.
- Utility Bills (Electricity, Water, Gas) dated within the last 60 days.
Income Proof
Please upload the following document –
- Last 3 months’ bank statements in PDF format.
Benefits of Applying for a Personal Loan Using Aadhaar Card
- This single document is considered proof for citizenship, address, photo, age, and identity.
- Aadhaar card helps with online verification process (e-KYC) and facilitates faster disbursal of loans.
- Aadhaar card eases up the documentation process for both consumers and financial institutions.
- The loan processing time is shorter, thus saving both time and effort.
- In some cases, you don’t even need to provide a copy of your Aadhaar card – the 12-digit UID number is enough.