While online loan applications may be very convenient, not all applications result in quick processing. The supporting documents provided play a vital role in the time taken to process a loan.
You can use your Aadhar card to apply for a loan online to complete the process quickly. If you provide the right documents that can be easily verified online, your personal loan can be disbursed even in a few minutes. The Advantage of Using an Aadhar Card for a Personal Loan Your Aadhar card acts as a bonafide proof of identification. With recent mandates of linking Aadhar cards with PAN cards, it is easy to look up your financial history if you use your Aadhar card to apply for a loan online. Given the document's authenticity, it is easy to verify your details, and you can get a loan at good personal loan rates. Must Read: How to Avail a Personal Loan for Women in India? How Does an Aadhar Card Help in Securing Personal Loans? Your Aadhar card has three bits of information stored in the database that is verifiable online:
Conclusion Your Aadhar is a versatile document. The lender needs proof that you have enough disposable income to repay the loan. It can easily be verified through your Aadhar card. Use your Aadhar card to procure loans at the best personal loan rates.
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AuthorI am Nishi singh, a professional Financial Analyst. I have done MBA in finance and worked in various finance organizations. I have five years of working experience and I am also fond of writing about personal financing. Apart from the professional life, I love to travel and playing cricket. Archives
November 2023
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