What is DigiLocker and how to use it

In today's digital world, keeping your important papers safe and organised is really important. This is especially true when you're applying for something like a personal loan. DigiLocker is a smart online tool that lets you store, manage, and share your documents safely from anywhere. In this guide, we'll show you how to use DigiLocker the right way, especially when you're applying for a personal loan from Bajaj Finance.

Did you know you might already have a pre-approved personal loan offer waiting for you? You can check your offer quickly and easily without visiting a branch.

✅  Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.

DigiLocker is a special project started by the Government of India. It's basically a safe online storage space where you can keep all your important documents and certificates. Instead of keeping physical papers at home (which can get lost or damaged), you can store everything in one secure digital location.

You can save many different types of documents in DigiLocker, such as your Aadhaar card, PAN card, driving licence, vehicle registration certificate, educational degrees, and much more. The best part? It's free to use and gives you 1 GB of storage space to keep all your documents safe. If you haven't already done so, download the DigiLocker app on your phone to get started.

Step 1: Create your DigiLocker account

First, go to the DigiLocker website or download the DigiLocker app from the Play Store (for Android) or App Store (for iPhone). Once you're there, click on the sign-up option. You'll need to enter your mobile number. Within a few seconds, you'll get a special code (called an OTP) sent to your phone. Type this code in to confirm your number is real.

Step 2: Link your Aadhaar card

After you've made your account, you need to connect your Aadhaar card to it. This is a crucial step because banks and loan companies like Bajaj Finance will accept documents signed digitally from your Aadhaar. This makes the whole loan application much faster and simpler.

Step 3: Upload your documents

Now you can start adding your documents to DigiLocker. You can either scan them using a scanner or just take clear photos with your phone and upload your documents to DigiLocker. DigiLocker will keep all these files safe using special security technology. Since you get 1 GB of space, you can store quite a lot of important papers.

Step 4: Access and share whenever you need

Once your documents are uploaded, you can view them anytime and anywhere using the DigiLocker app or website. Whenever you need to show documents to someone (like Bajaj Finance), you can share them digitally without sending physical copies. It's quick, safe, and super convenient.

• Aadhaar card
• PAN card
• Driving licence
• Vehicle registration certificate
• Academic certificates and degrees
• Property documents
• Insurance policies
• Bank statements
• Income tax returns
   

The more documents you keep in DigiLocker, the easier it becomes to apply for loans, insurance, or any other financial product later on.

When you apply for a personal loan, the lender (like Bajaj Finance) needs to check certain papers to make sure you're eligible and trustworthy. This is called KYC (Know Your Customer) verification. DigiLocker makes this whole process much smoother in several ways:

It's really convenient

Instead of printing out your documents and carrying them to a branch or posting them by mail, you can simply share them digitally from your DigiLocker account. This saves you time, effort, and money on printing and postage. Everything happens online.

Your documents stay safe and secure

DigiLocker uses special technology to protect your documents. They're encrypted (which means they're scrambled in a way only you and Bajaj Finance can read) and digitally signed. This means there's almost no chance of someone tampering with your documents or committing fraud. You get peace of mind knowing your papers are safe.

The bank can verify your documents quickly

Bajaj Finance can check your documents faster when they come from DigiLocker because of the built-in verification system. This speeds up the whole loan approval process. Instead of waiting days, you could get approval much sooner.

You can meet all the requirements easily

To get a personal loan, you need to match certain criteria like age, income level, employment type, and credit history. DigiLocker helps you submit all your required documents smoothly, making it simple to show Bajaj Finance that you meet all the eligibility requirements. 

Ready to move forward? You can check if you're eligible for a personal loan from Bajaj Finance without visiting a branch. Check your eligibility with just 2 steps

Now that you know how DigiLocker can make your loan application easier, let's talk about why Bajaj Finance is a great choice for your personal loan:

High loan amounts

Whether you need money for something big or something small, Bajaj Finance can help. You can borrow funds ranging from Rs. 40000 to Rs. 55 lakh, so you have the flexibility to cover any expense. Whether it's a wedding, education, home renovation, or debt consolidation, you've got options.

Pre-approved offers

You can check if you have a pre-approved loan offer with just your phone number and OTP – no need to visit the branch.

No collateral or guarantor needed

You don't need to pledge any security like gold ornaments, property, or house documents. You also don't need someone else to guarantee the loan for you. This makes the whole process simpler and faster because you're not tying up valuable assets.

Get money in your account within 24 hours*

Our application process is designed to be fast and easy. In many cases, you can receive the loan amount in your bank account the same day your loan is approved. This is because everything is done online, and there's no need to visit a branch in person.

1. Visit the DigiLocker website: Go to the official DigiLocker website.
2. Click on "Sign Up": Look for the "Sign Up" or "Register" option on the homepage and click on it. This will initiate the account creation process.
3. Enter your mobile number: You will be prompted to enter your mobile number. Make sure to enter a valid mobile number as you'll receive an OTP (One Time Password) on this number for verification purposes.
4. Enter the OTP: Once you've entered your mobile number, click on "Continue" or a similar option. You will receive an OTP on the mobile number you provided. Enter this OTP in the space provided to verify your mobile number.
5. Set your username and password: After mobile number verification, you'll be asked to set up your username and password for your DigiLocker account. Make sure to choose a strong password that includes a combination of letters, numbers, and special characters for security purposes.
6. Enter your basic details: Once you've set up your username and password, you'll need to provide some basic details such as your name, date of birth, and email address. Fill in these details accurately.
7. Agree to the terms and conditions: Review the terms and conditions of DigiLocker carefully and if you agree, tick the box indicating your acceptance.
8. Click on "Sign Up" or "Create Account”: After filling in all the required information and agreeing to the terms and conditions, click on the "Sign Up" or "Create Account" button to complete the registration process.
9. Verification: In some cases, additional verification steps may be required, such as verifying your Aadhaar card details. Follow the prompts to complete any additional verification steps if necessary.
10. Account Activation: Once you've completed all the steps, your DigiLocker account will be created. You can now log in to DigiLocker using the username and password you set up during the registration process.
     

Add additional guide - How to do KYC in DigiLocker