Aadhaar Card Loan

As of 2026, Paisabazaar is the best loan app offering personal loans on Aadhaar card as one of the main documents. Prospective borrowers should apply through Paisabazaar for the following reasons:

• Completely digital process.
• Compares multiple lenders in a single platform based on your credit profile.
• Pre-approved offers available.
• Free credit score and eligibility check.
• Minimal documentation required.
• Quick approval and instant disbursal.

Individuals having their Aadhaar card during personal loan application are considered creditworthy. Such applicants may avail better rates and terms for personal loans.

Loan Amount

Lenders usually assess the loan eligibility of the applicant based on their repayment capacity. The repayment capacity is assessed depending on the EMI/NMI ratio of the applicant. The EMIs of the applicant should be within 50 - 55% of their net monthly income, including their existing EMIs and EMI of the proposed personal loan.

Interest Rate

The personal loan interest rates are usually evaluated after factoring in the job profile, credit score, monthly income, EMI/NMI ratio, and type of loan schemes offered to the applicant. The personal loan interest rates usually start from 9.98% p.a.

Loan Tenure

Lenders usually offer a loan tenure of up to 5 years to its personal loan applicants. However, a few PSU banks or NBFCs might offer even higher tenure depending on the loan amount availed.

Aadhaar card is one of the important KYC documents required by the lenders for instant e-KYC verification. It works in the following manner:

• The applicant provides the Aadhaar number to the lender.
• It retrieves the applicant’s demographic details directly from UIDAI for quick and seamless authentication.
• An OTP is sent to the mobile number linked to your Aadhaar card to confirm the applicant’s identity.

Below-mentioned is the eligibility for Aadhaar card loan:

• The mobile number of the applicant should be linked to the Aadhaar card.
• The lender still checks the credit score, employment status and minimum income while assessing the eligibility.
• Individuals should be between 21 to 65 years of age.

Along with Aadhaar card, lender may also ask for a few other documents that include:

• PAN card
• Passport
• Voter ID
• Driving license
• Income proof
• Banks statements for last 6 months
• ITR for past 2 years

You can apply for a personal loan on your Aadhaar card by logging into Paisabazaar and following the below-mentioned steps:

• Login to Paisabazaar app.
• Click on “personal loan”
• The app fetches your credit profile.
• Customized offers based on your credit profile are displayed on the screen.
• Opt for the best suited offer and apply.

Below mentioned are the red flags to avoid:

• Fake emails, SMSes or calls asking for Aadhaar card details.
• Fraudulent lenders do not check your employment details or credit score.
• Beware of fake bank websites asking for excessive permission.
• Scammers pressurize you to act quickly over their request.