Understanding the Digilocker meaning is essential if you're planning to simplify your loan application process. Digilocker is a government-backed digital platform that lets you store, and share verified electronic documents, such as your Aadhaar card, PAN, and more. Once you complete your Digilocker registration, you can securely access and share these documents with financial institutions, speeding up the KYC and verification process.
To ensure added safety, Digilocker uses a Digilocker security pin, which helps keep your personal data protected. Since it’s recognised and trusted by most lenders, sharing documents through Digilocker makes your loan journey smoother and more efficient.
What is DigiLocker?
DigiLocker is a digital platform provided by the Indian Ministry of Electronics and Information Technology (MeitY) under the Digital India initiative. The objective is to provide every citizen with a secure digital repository where they can access their essential documents anytime and anywhere. These documents encompass educational certificates, identity proofs, health records, and more.
Documents stored in DigiLocker are considered equivalent to their original physical counterparts, thereby reducing reliance on physical copies and enabling the seamless sharing of electronic documents. Documents issued through DigiLocker hold legal validity under the Indian Information Technology Act of 2000.
Upon registration on the platform, users can upload all necessary documents in DigiLocker and ensure their safety through personalised cloud storage linked to their Aadhaar card. This initiative aligns with the Indian government's vision of the Digital India project, promoting efficient digital document management and enhancing accessibility to essential services for all citizens.
How does DigiLocker work?
DigiLocker is a secure cloud-based platform provided by the Government of India, allowing users to store and access their official documents digitally. Here's how it works:
- Account creation – Users sign up on the DigiLocker website or mobile app using their mobile number and Aadhaar number for verification.
- Document upload – Users can upload scanned copies of documents, such as certificates, licences, and ID proofs, for easy access.
- Accessing issued documents – DigiLocker fetches official digital documents directly from issuing authorities like CBSE, UIDAI, RTOs, and universities. These are legally valid.
- Sharing documents – Users can share documents digitally using secure links or QR codes, eliminating the need for physical copies.
- E-signing feature – DigiLocker allows e-signing of documents, providing a paperless authentication process.
- Integration with government services – The platform integrates with various government departments, enabling quick verification for services like driving licence renewals, passport applications, and more.
Steps to create a DigiLocker account
Follow these steps to create a DigiLocker account:
- Visit the official website: Go to the Digilocker website or download the DigiLocker app.
- Sign up: Click on the 'Sign Up' button and enter your mobile number.
- OTP verification: You will receive an OTP on your mobile phone; enter this for verification.
- Set username and password: Choose a username and password for your account.
- Link Aadhaar: For full access to services, link your Aadhaar number by entering it and verifying it with an OTP sent to the mobile number registered with your Aadhaar.
- Completion: Once linked, you can access your issued documents and upload additional documents.
If you do not have an Aadhaar card and wish to use DigiLocker, select the option “Don’t have Aadhaar? Continue Here” during the Digilocker signup process.. This option allows you to create a DigiLocker account even without your Aadhaar card.
Additional read - How to use Digilocker account
Advantages and disadvantages of DigiLocker
Advantages:
- Security: Offers a highly secure environment for storing personal documents.
- Convenience: Easy access to documents anytime, anywhere, streamlining the loan application process.
- Eco-Friendly: Reduces the need for physical documents, contributing to environmental conservation.
- Government Verified: Direct access to government-issued documents, which can be shared digitally with verifying agencies without fear of forgery.
- Large Storage Space – Store multiple documents securely online for easy access.
- Lower Costs – Save on printing and administrative expenses with digital document management.
- Paperless Documentation – Go eco-friendly by reducing paperwork and embracing digital records.
- Faster Processing – Speed up verification for loans and services with instant access to documents.
Disadvantages:
- Internet dependence
Digilocker access requires a stable internet connection. In areas with poor connectivity, retrieving or uploading important documents can become a major inconvenience. - Awareness
While growing, not all organisations or departments fully accept Digilocker documents yet. This may lead to delays or the need for physical copies during verification. - Not for non-Resident Indians (NRIs)
Digilocker currently only supports users with an Indian Aadhaar number, making it inaccessible for NRIs who may need digital access to Indian documents. - Security concerns
Despite being government-backed, storing sensitive documents online always carries some level of risk. Any data breach could expose critical personal and financial information. - Only Aadhaar card users can use the facility
The service is tied to Aadhaar authentication, which means users without an Aadhaar card cannot register or use Digilocker services.
How to upload documents to your DigiLocker Account
Uploading documents to your Digilocker account is a breeze:
- Login to your account: Use your username and password to access your Digilocker account.
- Upload document: Navigate to the 'Uploaded Documents' section and click on 'Upload'.
- Select files: Choose the document files from your computer or mobile device. Ensure they are in a supported format (PDF, JPG, PNG, etc.).
- Name and save: Assign a document type and name, then save the document to your account.
Conclusion
In summary, Digilocker stands out as an essential digital tool for anyone applying for personal loans. By enabling easy access to KYC documents and facilitating a streamlined loan application process, it not only saves time but also enhances the security of personal information. As we move towards more digital governance, utilizing platforms like Digilocker for document management is not just convenient but necessary for an efficient and eco-friendly lifestyle.
Know more about our eligibility criteria and the documents required, upload the required documents in the DigiLocker and apply for our personal loan effortlessly.
