Nowadays, Aadhar card is not just an identity card but has become the superhero of your life. This is not only ID and address proof, but is also proving to be a game changer in taking personal and business loans. Many banks and NBFCs now approve loans through instant verification through e-KYC, making the entire process superfast and safe. If you have stable income, good CIBIL score and Aadhaar linked mobile number, then you can get a personal loan in just a few minutes! Whereas for business loan, along with Aadhaar, PAN, bank statement and business details are required.
How to take personal loan from Aadhar card?
Now taking a personal loan from Aadhaar has become child’s play, because most of the banks and financial companies do instant verification through digital e-KYC. To get started, visit the bank’s official website or loan app, enter your name, mobile number and Aadhaar number. OTP will come, identity confirmed! Then upload income proof like salary slip or bank statement. The loan amount depends on your eligibility and CIBIL score. Once approved, money in your account within minutes – that easy!
How to take business loan through Aadhar card?
Aadhar card has become the top document in business loan, because it proves both ID and address in one go. Many banks and government schemes recognize Aadhaar e-KYC, which reduces paperwork. While applying, provide PAN, GST registration, business plan and bank statement along with Aadhaar. Financial institutions finalize the loan after looking at the strength of your business, past transactions and market stability. Thanks to Aadhaar, speed approval is available in schemes like MSME loan, Mudra loan – the secret of business growth!
How to take PMEGP loan of Rs 8 lakh through Aadhar card?
PMEGP (Prime Minister Employment Generation Programme) scheme is a boon for young entrepreneurs, where the government provides loans and subsidies to start a business! Aadhaar card is essential here as it makes online forms, ID verification and document upload super easy. Under this scheme, you can kickstart your business by taking a loan of Rs 8 lakh or more. Submit business project report, bank details and education certificate along with Aadhaar while applying – your chance to make your dream come true!
How to get subsidy in PMEGP loan?
The biggest USP of PMEGP is margin money subsidy! This is based on the total cost of your project – 25% to 35% in village, 15% to 25% in city. Subsidy will be available only if you keep the business active for at least 3 years. Aadhaar verification increases application speed and saves time in document checking. After bank approval, KVIC verifies the project, then the subsidy gets adjusted in the loan account – the magic of free money!
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