10000 loan on Aadhar card: Facts About Getting Fast Loan on Aadhar Card

Some emergencies are unpredictable and require monetary support. For instance, in cases of medical emergencies where urgent medical care and instant hospitalization are needed, it becomes a costly affair. In emergencies as well as many other non-emergency situations, a 10000 loan on aadhar card is extremely helpful. As fast loans are unsecured loans, it does not even require the safety of collateral. You can get this loan as long as you are eligible. This easy process can get easier if one uses their Aadhar card to avail of fast loans as it eliminates the need for any further documents. 

Facts about getting a fast loan on Aadhar card

As convenient as it is to get a 10000 loan on an Aadhar card, here are a few facts you should know about this loan:

• Ease of process

The primary requirement for availing loan is that one submits valid documents which successfully establish their address and identity. This process is called ‘Know your Customer’ and the documents required for this process are called KYC documents. One of the documents that are considered to be valid KYC documents is an Aadhar card. This is because an Aadhar card is a document that is simultaneously an identity proof along with a photograph as well as an address proof. By simply using the details provided in an Aadhar card (name, date of birth, address, gender, photograph, biometric details, and Aadhar card number), the bank will be able to successfully verify the identity of the loan applicant. Given one is an eligible applicant, there is not much need for documentation to avail of a fast loan. The only thing one needs to do to get a 10000 loan on an Aadhar card is to fill out the application form and submit the KYC documents.

• Lesser documents required

Usually while applying for loans, the banks demand a bunch of documents that go through multiple layers of verification before approving the loan. But because an Aadhar card singularly fulfills all the requirements of KYC, using an Aadhar card to avail loan reduces all the running around that one has to do to gather all the required documents. The Aadhar card alone, with its efficient and effective documentation, is sufficient for the bank to verify the identity of the applicant and give approval for a 10000 loan on the Aadhar card. It eliminates the need of running around with multiple documents and thus, makes the process hassle-free.

• No issue of location 

Gone are the days when people had to stand in a line for hours at the bank to get anything done. Nowadays people can do all the work related to the bank from the comfort of their home. The same stands true even when one applies for a 10000 loan on an Aadhar card. There is no need to go to the bank and talk to multiple officials to get a fast loan. This process has become extremely hassle-free and can be done from anywhere without any human intervention simply by applying for a loan online. It is an easy process where everything can be done online- from filling out the application form to submitting the required documents. This saves the valuable time of individuals as well as gets the job done successfully.

• Bid adieu to hard copies

The disadvantages of running around with original hard copies of documents are something that most people are aware of. From losing important original documents to damaging them accidentally and wearing them out, the risks and drawbacks are very real and major. Any damage to the original documents will result in a certain individual running around for days to retrieve the said documents. Even then, in most cases, submission of a hard copy of documents is mandatory for further verification. But when an individual applies for a 10000 loan on an Aadhar card online, there is no need for the submission or display of any hard copy of required documents. All the required documents can be submitted online as e-KYC, thus saving both time and any possible damage to original documents.

• Attractive offers

It is a given that the usage of Aadhar cards along with the purely online process has made the process of applying for a fast loan extremely easy and relaxing. But the benefit doesn’t end there. Apart from making it possible to apply for a loan in just a few simple steps, the online process has also made it possible for the loan applicants to compare and analyze the numerous deals that are offered by various banks on personal loans. There are platforms on which this information is available and these platforms can get the loan applicant considerable discounts, lower interest rates, and great loan offers as they work very closely with their partner banks. After being informed of the major loan deals, the individual can decide where they want to avail the 10000 loans on Aadhar card by simply uploading a scanned copy of their Aadhar Card.

Author: Siddhi Chothani