Personal Loan on Aadhar card: Are you running short of funds but reluctant to go through long paperwork and the necessity of having a guarantor? Here is an exciting offer! You can take a loan of ₹2 lakh without collateral, using only your Aadhaar card, and that too from your home!

Nowadays, many renowned banks and digital lending apps provide pre-approved instant loans with minimal documentation. If you hold a good score with CIBIL and have a stable income, the money could be transferred into your account in minutes!

So, let’s explore into further details about how to get that ₹2 lakh Personal Loan all on your Aadhaar card and which are the best platforms to do so.

Running short on cash? Click here to check out the Top 10 Instant Loan Apps in India for Fintech Borrowers and get funds fast!

Top Banks & Apps Offering ₹2 Lakh Loan on Aadhaar Card

Banks Providing Instant Aadhaar-Based Loans

1. Kotak  – 2 Lakh Personal Loan with an Aadhaar Card.
2. Piramal Finance  – Instant Loan on Aadhar Card.
3. IDFC First – Explore our options for ₹50000 personal loan.

Best Loan Apps for Quick Disbursal

Important Note: You can only avail a loan if you have a pre-approved offer from these lenders.

Benefits of Aadhaar-Based Instant Loans

• Lightning-Fast Processing – Get money in minutes, not days.
• No Collateral Needed – Your Aadhaar and income proof are sufficient.
• Lower Interest for Good CIBIL Score – Better credit history = Cheaper loans.
• 100% Online Process – No branch visits or physical paperwork.

Eligibility Criteria for ₹2 Lakh Aadhaar Loan

To qualify, you must meet these simple requirements:

• Age: 21–58 years
• Aadhaar Card: Linked with mobile number & bank account
• Income: Minimum ₹15,000/month
• CIBIL Score: 650+ (Higher score = Better rates)
• Employment/Business: At least 6 months old
• NACH Mandate Approval (via Net Banking/Debit Card)

Documents Required

Since this is a pre-approved loan, most lenders won’t ask for extra documents. However, keep these handy:

• PAN Card
• Aadhaar Card (Linked with Mobile)
• Bank Statements/Salary Slips (if requested)
• Selfie Verification (for digital KYC)

Interest Rates & Charges

Before applying, be aware of these costs:

• Interest Rate: 10%–30% p.a. (Depends on credit profile)
• Processing Fee: 2%–4% of loan amount
• Late Payment Penalty: ₹250–₹1,000 per EMI
• Pre-Closure Charges: 2%–5% (if repaid early)
• GST: 18% on all fees

Pro Tip: Always compare interest rates across lenders to save money!

How to Apply for ₹2 Lakh Loan on Aadhaar Card? (Step-by-Step)

• Check Pre-Approved Offers – Log in to your bank app or loan platform.
• Select “Personal Loan” Option – Choose the pre-approved offer.
• Enter Aadhaar & PAN Details – Verify via OTP.
• Fill in Income & Bank Details – Ensure accuracy for quick approval.
• Choose Loan Amount & Tenure – Select EMI plan wisely.
• E-Sign & Receive Funds – Money credited instantly!

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Conclusion:

Is a ₹2 Lakh Aadhaar-Based Personal Loan a Smart Choice?

A ₹2 lakh personal loan on Aadhaar card is a convenient and hassle-free option for anyone in urgent need of funds. With no collateral, minimal documentation, and quick online approval, it’s especially useful for salaried individuals and small business owners who want instant access to credit.

Digital lending platforms and loan apps now offer pre-approved personal loans that can be disbursed within minutes, provided you have a good CIBIL score, stable income, and a valid Aadhaar card linked to your mobile number and bank account.

Before applying, always compare interest rates, processing fees, and repayment terms across lenders to make an informed decision. With the right planning and lender, your Aadhaar card can help you access funds faster than ever — securely and without stepping out of your home.

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