Can I get loan without aadhar card?

As per my knowledge, Aadhar card is often mandatory to avail of a loan. This is because the Aadhar card is considered as the primary Know Your Customer (KYC) document. However, as you speculate: Can I get loan without Aadhar card? Let me tell you that the answer can depend on the lender. As some lenders accept alternative documents like PAN card, passport, voter ID, or driving license for identity verification.

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How to Get Loan without Aadhar Card?

Last year, when I applied for a loan, I was asked to submit my Aadhaar card along with other documents like, PAN card, passport, driving license, or voter ID. However, as I mentioned earlier, each bank has different requirements, so it is best that you check with your lender. 

Also, look for pre approved loans. Customers who have been pre-approved by lenders based on their banking relationship and credit history are given immediate personal loans without documentation. These loans have fast disbursements and no paperwork requirements.

To improve approval chances, ensure you meet income, credit score, and employment stability requirements.

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How to Get Instant Personal Loan Without Documents?

I came across your query related to whether a personal loan without Aadhar card is given or not. I can say that yes, you can avail of a personal loan without an Aadhar card. I’ll tell you what to do in such a case in detail below.

How to Get Loan Without Aadhar Card?

The Aadhar card is being used as the primary document as an ID proof and address proof. The financial institutions prefer this for disbursing personal loans. It makes the process related to the loan application, verification, approval and more simpler. However, the borrower doesn't need to have an Aadhar card to get a personal loan. 

There isn’t any such rule. So, there are other alternatives to presenting an Aadhar card. These include the following.

• Aadhaar ID

• Passport 

• Voter ID

• Driving Licence

• PAN card

These are the alternatives you can showcase at the time of loan application if you do not possess an Aadhar card. The requirement is as simple as an ID issued by the Indian government. 

As far as the eligibility for applying for a personal loan is concerned, you need to fulfil two criteria.

1. You must be an Indian, aged between 18 to 60 years.

2. You should have a healthy credit score.

I hope you now understand how to take loan without Aadhar card.

I used an Aadhaar card as proof of identity when I applied for a personal loan. It is also used for other banking services provided by certain financial firms. When it comes to using the Aadhaar card to apply for a personal loan, there is a lot of concern. Continue reading to learn more about how to get loan without aadhar card.

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Can you get a loan without aadhar card?

The Aadhaar ID is simply an additional official document that can be used for address and identity validation. But, there is a significant amount of confusion around whether it is a requirement for personal loans. There is no restriction preventing borrowers from obtaining personal loans without an Aadhaar ID. If you don't have an Aadhaar ID, you can provide any other government-issued ID, such as a passport, voter ID, PAN card, or driving licence, as proof of your identity.

What things to keep in mind to get a loan without aadhar card?

• Avoid skipping any bank-related payments while you are looking for a personal loan. Lenders and financial institutions will want you to present reliable proof of income. Because a late payment is a symptom that you can't manage your money.

• Keep your credit score high so that the lender will trust you as a responsible borrower.

• Keep your loyalty to your bank for all non-financial and financial activities to create a positive working connection. This promotes confidence between you and the bank, which determines whether you qualify for a loan and whether you can afford to repay it. 

• It makes it simpler for the bank to decide that you qualify for a personal loan. It is if you submit your personal loan application at the same institution where your main operational account is kept.

• In the event that you have a credit card with the bank, pay all of your debts punctually. A bank personal loan is more likely to be approved for you if you pay all of your credit card debts on schedule.

I hope you understood how to get a loan without aadhar card.