How to Get Rs. 2 lakh Personal Loan on Aadhaar Card?

2 lakh loan on aadhaar card

Ready to handle life’s curveballs? Now, take charge of sudden expenses or personal emergencies effortlessly with a Rs. 2 lakh loan using just your up-to-date Aadhaar Card. Simplified documentation, fewer hoops to jump through, and an easy application process make Aadhaar Card loans easy. Get access to a Rs. 2 lakh loan through top banks and NBFCs, complete with competitive interest rates. Keep scrolling to discover interest rates offered by leading lenders and more.

personal loan

Key Features & Benefits of Rs. 2 Lakh Loan on Aadhaar Card 

Take a look at the multiple features and benefits of a Rs. 2 lakh personal loan on Aadhaar Card:

  1.  Minimal Documentation: Say goodbye to piles of paperwork. All you need is your Aadhaar Card and a few basic KYC documents to get started.
  2. Flexible Loan Amount: Access loans ranging from Rs. 2 lakh to a maximum of Rs. 40 lakh, tailored to your specific needs and financial situation.
  3. Instant Approval: Experience the speed of Aadhaar-based verification. Get quick approvals in just a few minutes, empowering you to tackle emergencies efficiently.
  4. Stretchable Repayment Tenure: Choose a repayment plan that suits your budget, with tenures spanning up to 84 months or 7 years.
  5. Zero Collateral Required: No need to worry about putting up any assets as security. Aadhaar Card loans are hassle-free and require no collateral.
  6. Instant Disbursal: Once your documents are verified, you can receive your loan amount within 24 hours, ensuring prompt access to funds.
  7. Absolute Transparency: Enjoy complete transparency with no hidden charges or fees. Get a clear picture of your loan terms and repayment schedule from the outset.

With their ease of application, these loans empower you to take control of your finances and navigate life’s unexpected expenses with confidence. So, let’s now understand who all are eligible to get this loan

Also Read:  How To Apply For ₹5000 Loan On Aadhaar Card?

Eligibility Criteria for Rs 2 Lakh Loan on Aadhaar Card

To qualify for a Rs. 2 lakh personal loan using your Aadhaar Card, consider these general criteria. Keep in mind, that these may vary among different lenders:

  1. Employment in the public or private sector with a steady income
  2. Indian citizenship
  3. Minimum monthly salary of Rs. 15,000
  4. Age between 23 and 58 years
  5. A healthy credit score, ideally above 750

Documents Required For Rs. 2 Lakh Loan on Aadhaar Card 

When applying for a Rs. 2 lakh loan on your Aadhaar Card, commonly requested documents include:

  1. PAN Card
  2. Bank statements covering the last 3 months
  3. Address proof such as Passport, Driving License, or Voter ID

Remember, specific criteria can differ across lenders. It’s advisable to verify with your chosen lender before proceeding with your application.

Also, Read: How To Get A 10000 Loan On Aadhaar Card?

Rate of Interest on Rs. 2 Lakh Loan on Aadhaar Card 

Seeking the best rates for a Rs. 2 lakh loan on your Aadhaar Card? Explore the table below to compare interest rates offered by leading lenders for personal loans of Rs. 2 lakh:

LenderRate of Interest
Axis Bank10.49% p.a. onwards
Yes Bank10.70% p.a. onwards
Muthoot Finance13.75% p.a. onwards
mPokket24% p.a. onwards
Bajaj Finance Limited14% p.a. onwards

In today’s fast-paced world, unexpected expenses can pop up at times, leaving you feeling overwhelmed and financially strained. That’s where an Aadhaar Card loan comes in as a lifeline, providing you with quick and convenient access to funds of up to Rs. 2 lakh. With minimal documentation, flexible loan amounts, and much more, Aadhaar Card loans are designed to make your life easier.

Calculate the EMI for 2 lakh Aadhaar Card Loan

The EMI (Equated Monthly Installment) for a loan is calculated using the following formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]


  • P is the principal amount (the original sum borrowed),
  • r is the monthly interest rate (annual interest rate divided by 12 and then by 100 to make it a decimal),
  • n is the total number of monthly installments (loan tenure in years multiplied by 12).

Rs 2 Lakh Personal Loan EMIs Over 1-5 Years

Here’s a tabular representation of the EMI calculated at a 12% annual interest rate for a ₹2 lakh loan over different tenures:

Tenure (Years)EMI (Rs)

Please be aware that these EMI figures are estimates; the real amounts may differ.

Also Read:  How To Apply For ₹5000 Loan On Aadhaar Card?

How to Apply for Rs. 2 Lakh Loan on Aadhaar Card 

The application process is really simple for availing a Rs.2 lakh loan on an Aadhaar Card: 

Step 1: Visit the Credmudra website , click the “Get Matched Now” Button.

Visit for 2 lakh aadhar card loan

2. Enter and verify your phone number.

Go to personal loan page

Step 3: Enter your 2 lakh personal loan details.

loan details

Step 3: Provide your employment & personal details.

employment type

Step 4: Enter your address details and submit your loan request. 

This is all you need to know about a Rs. 2 lakh personal loan on Aadhaar Card. Considering the minimal documentation, and simple application process, this is one of the best loan facilities available in the market. 

Whether you’re consolidating debt, pursuing higher education, or funding your dream vacation, a personal loan can serve as a valuable financial tool. Empower yourself today and take charge of your financial future. Credmudra’s compatibility-based application process aims to match you with the lender with whom you have the highest possibility of getting a loan.

Also, Read: How to Apply for a ₹1000 Loan on Aadhaar Card?

FAQs on Rs. 2 lakh Loan on Aadhaar Card

1.  Can I get a personal loan with just my Aadhaar Card? 

Yes, you can get a personal loan with only your Aadhaar Card but a lender will also require other supporting documents to verify. 

2. Can I get a loan of Rs. 10,000 on an Aadhaar Card instantly? 

Yes, you can get a Rs. 10,000 loan on an Aadhaar Card instantly. Aadhaar Card loans require minimal time for approval and disbursal.

3. Can I get a loan on my Aadhaar Card if I am currently unemployed? 

You need to submit your last 3 month’s salary slips and bank statements to get a loan on Aadhaar Card. Hence, you cannot take a loan on your Aadhaar Card if you are unemployed.

4. What is a Rs 2 Lakh loan on an Aadhaar card?

Embrace financial flexibility with a Rs 2 Lakh loan on an Aadhaar card, a personal loan tailored to your needs. Borrow up to Rs 2 Lakh based on your Aadhaar card and a few simple eligibility criteria, empowering you to achieve your financial aspirations.

 5. How long does it take to get approval for an Aadhaar card loan?

Gone are the days of lengthy loan approval processes. With Credmudra, your Aadhaar card loan can be approved within 24 hours, subject to your documents and eligibility.

 6. Can I get more than one loan on an Aadhaar card?

Yes, the possibility of obtaining multiple Aadhaar card loans depends on your creditworthiness and the financial institution’s policies. However, it’s crucial to manage your loans responsibly to maintain a healthy credit score and avoid financial overextension.

7. What happens if I default on an Aadhaar card loan?

Repaying loans on time is essential for maintaining a good credit score and avoiding legal consequences. Defaulting on an Aadhaar card loan can negatively impact your creditworthiness and may lead to legal actions by the financial institution. Prioritize timely loan repayments to safeguard your financial future.

Also, Read: 20000 Loan on Aadhaar Card : Check Eligibility, and Steps to Apply

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