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.
Take a look at the multiple features and benefits of a Rs. 2 lakh personal loan on Aadhaar Card:
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
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:
When applying for a Rs. 2 lakh loan on your Aadhaar Card, commonly requested documents include:
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?
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:
Lender | Rate of Interest |
Axis Bank | 10.49% p.a. onwards |
Yes Bank | 10.70% p.a. onwards |
Muthoot Finance | 13.75% p.a. onwards |
mPokket | 24% p.a. onwards |
Bajaj Finance Limited | 14% 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.
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]
Where:
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) |
1 | ₹17,769.76 |
2 | ₹9,414.69 |
3 | ₹6,642.86 |
4 | ₹5,266.77 |
5 | ₹4,448.89 |
Please be aware that these EMI figures are estimates; the real amounts may differ.
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.
2. Enter and verify your phone number.
Step 3: Enter your 2 lakh personal loan details.
Step 3: Provide your employment & personal details.
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?
Yes, you can get a personal loan with only your Aadhaar Card but a lender will also require other supporting documents to verify.
Yes, you can get a Rs. 10,000 loan on an Aadhaar Card instantly. Aadhaar Card loans require minimal time for approval and disbursal.
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.
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.
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.
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.
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
Credmudra is a digital platform designed for financial services leaders in India to share their insights and perspectives beyond the limits of social media. It is a purpose-built platform for experts from banking, NBFCs, fintech and others to reach the right audiences and transform finance. With Credmudra, finance professionals can establish themselves as thought leaders and engage meaningfully with India's top money minds and those shaping the future of lending. Unlike social media, this platform offers a space for compelling discussions and community building within the industry. Credmudra can elevate the quality of discussions and collaboration among influential authors in Indian finance.
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