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A small cash loan using Aadhaar as a KYC document can help manage immediate financial needs, subject to eligibility and applicable terms. Aadhaar may be used for identity verification, but additional documents may be required. You can use a personal loan to meet expenses such as emergencies, planned purchases, or short-term financial needs. If you need funds for an urgent requirement, you may consider the Insta Personal Loan, subject to eligibility and approval. You can also check your pre-approved offer to understand the loan amount and terms available to you. Here is an overview of how such loans work, their key features, and the application process.
Key features of a small loan using Aadhaar Card
- Quick approval: Get a quick loan decision, subject to eligibility and applicable terms and conditions.
- Minimal documentation: Aadhaar may be used as a KYC document, along with other documents required for verification.
- Quick disbursal: Once approved, the loan amount can be disbursed promptly, subject to applicable terms and conditions.
- Flexible loan amount: Choose a loan amount based on your financial requirements and eligibility.
- Convenient repayment options: Choose from available tenure options based on your repayment capacity. Use an EMI calculator to estimate your monthly instalment based on the loan amount, interest rate, and tenure.
Documents required for availing a small loan using Aadhaar Card
Documentation requirements for a Bajaj Finance Insta Personal Loan are minimal. Five document categories are required at the time of application:
| Document Category | Accepted Options |
|---|---|
| KYC proof | Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card |
| Identity proof | PAN card, Real-time image / photograph |
| Employment proof | Employee ID card, Letter of Allotment of Accommodation Issued by Employer |
| Income proof | Salary slips — last 3 months, Bank account statements — last 3 months |
| Others | Pension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt |
How to get a small loan using Aadhaar Card online?
You can apply for a personal loan online using Aadhaar as a KYC document, subject to eligibility and verification. Additional documents may be required. For an online application, you can:
- Check loan eligibility – Visit our Insta Personal Loan page, enter the loan amount you need, select the repayment period, and click on "CHECK LOAN OFFER" to check your loan eligibility.
- Enter personal details – Provide your personal, financial, and employment details to receive a personalised loan offer.
- Review your loan offer – Check your offer details and adjust the loan amount or repayment tenure, if required.
- Complete KYC verification – Verify your identity and bank details to proceed with your application.
- Speak to a loan specialist – Once your application is submitted, an executive will contact you with the next steps.
The application process may vary for new and existing customers. Some applicants may need to submit additional documents to complete their application.
Need assistance? Contact our customer care team at 7757 000 000.
Factors responsible for the interest rate of a small loan on Aadhaar Card
The interest rate on a small cash loan on an Aadhaar card can vary based on several factors:
- Credit score: A higher credit score can lead to better interest rates.
- Income level: Stable and higher income levels can secure lower interest rates.
- Loan amount and tenure: The interest rate can change based on your loan amount and tenure.
A small cash loan using Aadhaar as a KYC document can help manage immediate financial needs, subject to eligibility and applicable terms and conditions. Aadhaar may be used for identity verification, while additional documents may be required. A personal loan can be used for eligible expenses such as emergencies, travel, or other short-term financial needs. You can explore the Insta Personal Loan and check your pre-approved offer, if available. Use the Insta Personal Loan EMI Calculator to estimate your monthly instalments based on the loan amount, interest rate, and tenure.
Check your Insta Personal Loan offer.
*Terms and conditions apply
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee | Applicable charges |
Rate of interest per annum | 10% to 30.5% p.a. |
Processing fees | Up to 4.13% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge | Term Loan – Not applicable Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes) |
Bounce charges | Rs. 700 to Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
Part-prepayment charges | Full Pre-payment:
Part Pre-payment
|
Penal charge | Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges | Term Loan: Not applicable Flexi Term (Dropline) Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.
Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure |
| Credit guarantee scheme fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year. *Renewal Fee to be collected only for 3 subsequent financial years. **If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated. |
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Since our Insta Personal Loan is unsecured, you do not need to pledge any collateral such as property or gold. Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Get funds in 30 minutes*.
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000