Aadhaar Card Loan: You can get a loan of Rs 5000 with just Aadhaar card, know how you can claim it

Now if you suddenly need money, you can get an instant loan of ₹ 5,000 in a few minutes with the help of Aadhar card, but take it responsibly and do not forget to pay on time. This facility is proving to be a big relief for the youth and working people of the country

Aadhaar Card Loan: If you suddenly need money, now a loan of up to ₹5,000 can be obtained in minutes with just an Aadhaar card, easily and without much formality. Fintech and NBFC companies have simplified the loan process so much that with the help of just a digital application, Aadhaar and PAN, this amount can be directly transferred to your account.

Who can take this loan?

For this, the age of the applicant should generally be more than 21 years, along with having a regular source of income and a mobile number linked to Aadhaar is mandatory. The process for the loan is completely online and easy – registration, OTP verification and minimum documentation, that’s all.

Application Process

  • Apply through mobile app or website.
  • Enter your name, PAN, Aadhaar number and mobile number.
  • E-KYC of Aadhaar and PAN is done, verify with OTP.
  • Accept T&C when you get the loan amount offer.
  • If approved, the money is transferred directly to your bank account within a few minutes.
  • Many apps like KreditBee, Moneyview, mPokket, etc. offer this type of instant loans.

Interest rates and terms

The annual interest rate on such small loans can range from 15% to 36%. The tenure is usually 3 to 6 months. Failure to pay EMIs on time can damage your credit score, so timely payment is very important. Facilities like auto-debit or NACH form are also available for loan repayment, through which the installments will be deducted automatically.

Benefits and precautions

This facility is especially good for those who do not have a credit card or do not get an immediate loan from the bank. Taking an Aadhaar card loan instead of taking a loan from an unregistered moneylender or a high-interest loan is safer and quicker. Use it only in emergency or temporary need—the habit of taking loans repeatedly can cause financial risk.

Opportunity to build credit history

Paying the EMI of this small loan on time improves your credit report, which can make it easier to get a bigger loan in the future.

Will you get a loan without PAN just on Aadhaar?

In most cases both documents are necessary.

Is there a credit check on a loan of ₹5,000?

Yes, a credit check is definitely done before loan approval.

Which apps provide this facility?

This facility is available on apps like KreditBee, Moneyview, mPokket, Pocketly etc. But before taking a loan from anywhere, definitely check the RBI registration.

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