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Process to Get Aadhar Personal Loan

How to Get Personal Loan on Aadhar Card?

Author - Vishal Devnani


VIEWS - 412


A unique, robust strategic tool capable of eliminating tampering and fake identities by promoting transparency and good governance, the Aadhar card has made a paradigm shift in the banking sector of our country. It is a 12-digit unique number authorised by UiDAI that can be used to leverage financial inclusion and several government welfare schemes. A paperless eKYC document, it is used for services like applying for personal loan on Aadhar Card, opening a bank account, filing an ITR, availing PAN card, etc.

Aadhar Personal Loan

A personal loan is a sum borrowed to cover several personal expenses like medical bills, wedding expenses, home decorations or renovations, or other unexpected expenses. To eliminate forgery and money laundering, the government of India mandated the submission of KYC documents by the applicant to the lender while applying for a personal loan. Therefore, if you wish to apply for a personal loan, you must submit your KYC documents.

Applying for a personal loan on AadhAar Card requires minimum documentation compared to traditional bank loans. This single card is used as your identity proof, address proof, age proof, and biometric verification of an individual. However, you are only required to submit your financial documents like salary slip, PAN Card, and bank statement for loan approval.

Benefits of Applying for a Personal Loan on an Aadhaar Card

Earlier, applicants were required to submit several documents to the lender for loan approval, which made the process cumbersome and lengthy. However, this long loan approval process does not work in an emergency situation. After the initiation of Aadhaar Card, banks have started eKYC, which facilitates online verification, which means you require fewer documents for getting personal loan approval. In addition, an individual's personal and biometric data are stored in an Aadhar Card, making the loan approval process quick and straightforward.

How to Apply for a Personal Loan on Aadhar Card?

Following are the steps involved in applying for an Aadhar Personal Loan.

  • Step 1: You can apply for a personal Loan on Aadhar Card by visiting the MoneyWide website or app.
  • Step 2: Fill Personal Loan application form with personal and occupational details.
  • Step 3: You will get instant in-principal approval for a personal loan
  • Step 4: Select the type of loan you need, and enter the loan amount and repayment tenure.
  • Step 5: Complete your Video KYC, eSign, and eNACH registration to get the amount disbursed in your account.

Applying for a Personal Loan on Aadhaar with MoneyWide

You can apply for an online personal loan with an aadhar card at MoneyWide. The loan is availed of at higher amounts at affordable interest rates and with flexible loan repayment tenure. Also, the online personal loan approval process is relatively straightforward. Immediately after document verification, you will get the loan amount transferred to your bank account.


Transforming the former lengthy loan approval process, Aadhar Card is a strong proof of a person’s citizenship and identity; therefore is used as a reliable KYC document during online verification for a personal loan.

About Author

Vishal Devnani

Vishal Devnani is a learner, explorer, and a curious content writer. He started his writing journey by writing blogs and articles on social as well as financial topics. Lately, he is a full-time working professional at MoneyWide who intends to help people by disseminating knowledge on financial topics.

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