Small cash loans are a type of personal loan offered by banks and NBFCs to meet short term financial requirements. Can you get a small cash loan on Aadhaar Card without PAN card? The answer is ‘Yes’ although the PAN card is an important and essential document for identity proof for most loans. There are some online apps and portals that provide small cash loans on Aadhaar card without PAN card.
Small Cash Loan on Aadhaar Card - Key Highlights
Loan Amount |
Rs. 10,000 onwards |
Interest Rates |
9.9% p.a. onwards |
Credit Score |
750 plus |
Loan Tenure |
6 to 50 months |
Processing Fee |
Nil |
Pre-closure Charges |
Nil |
Features and Benefits of A Small Cash Loan on Aadhaar Card
- Quick disbursal - Small cash loans provide instant disbursal on fulfilling the eligibility criteria. It generally takes about a few minutes to hours to credit the required loan amount directly to your bank account.
- Minimal Documentation - You just need your Aadhaar card, selfie, bank statements and salary slips, to get this loan.
- Paperless Online Process - Most small cash loans can be accessed on mobile apps and portals. The compete loan application to disbursal journey encompassing applying, e-KYC verification, approval, and disbursal is paperless. Small cash loans can be obtained anytime anywhere.
- Collateral-Free - These loans are unsecured in nature, and you don’t have to pledge any collateral or security to get them.
- Competitive interest rates - Applicants with a good credit score of 750 or more can get lower interest rates on small cash loans. However, the final rate of interest depends on the sole decision of the lender, and it is based on the borrower’s income, repayment history, creditworthiness, and other factors.
- Flexible EMIs - These loans usually have flexible repayment tenures and can be repaid in equated monthly installments (EMIs) ranging between 6 to 50 months.
Providers of Small Cash Loan on Aadhaar Card Without PAN Card
Given below is the list of some lenders that offer small cash loans on Aadhaar
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Navi - Loan upto 5 lakhs
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Stashfin - Loan upto 5 lakhs
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Moneyview - Rs. 10,000 to 5 lakhs
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FlexSalary - Rs. 5,000 to Rs. 25,000
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Dhani - Loan upto Rs. 5 lakhs
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KreditBee - Loan upto Rs. 2 lakhs
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MoneyTap - Rs. 1000 to Rs. 60,000
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mPokket - Rs. 500 to Rs. 30,000
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Rupeelend - Rs. 10,000 - Rs. 1 Lakh
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CASHe - Rs. 1,000 to Rs. 3 lakhs
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Pocketly - Rs. 500 to Rs. 10,000
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IndiaLends - Upto Rs. 5 lakhs
Small Cash Loan on Aadhaar Card Without PAN Card - Eligibility Criteria
Here is the eligibility criteria to apply for a small cash loan on Aadhaar card without a PAN card.
- Age - Between 21 to 65 years
- Nationality - Indian residents
- Employment Type - Salaried or self-employed individuals
- Bank credit - The applicant must be getting their income directly to their bank account.
- Income - Applicants must receive an income of at least Rs. 15,000 in hand monthly
- CIBILTM score - A minimum credit score of 600 or more is necessary
Small Cash Loan on Aadhaar Card Without PAN Card - Documents
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To avail a small cash loan on Aadhaar card without PAN card, you will have to give only your Aadhaar details.
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Your Aadhaar card will serve as a sole legal document for e-KYC verification conducted by the banks and NBFCs.
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This process is fast as it is convenient for the lenders to verify the unique Aadhaar number quickly.
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Your bank account and phone number must be integrated with your Aadhaar card.
How To Apply For A Small Cash Loan on An Aadhaar Card
You can apply for a small cash loan on an Aadhaar card without a PAN card through the following steps
Step 1: Go to the lender’s website or download the app.
Step 2: Enter the basic information asked for like your name, address, Aadhaar details, etc.
Step 3: Check your loan eligibility
Step 4: Choose your preferred loan amount and tenure.
Step 5: Complete your e-KYC with Aadhaar card.
Step 6: Enter bank details, set up auto debit of bank, and get the loan amount disbursed to your bank account in minutes.
Conclusion
A small cash loan on Aadhaar can help you lower the financial stress that comes up due to urgent need for funds. It is one of the most easiest and quickest way to get credit from anytime and anywhere. Thus, apply for the small cash loan on Aadhaar card without PAN card and enjoy the benefits.
FAQs
1. How can I repay my small cash loan on Aadhaar without PAN card?
You can pay off your loan in easy EMIs or equated monthly instalments. You can set up an auto debit alert for your bank account to ensure that EMIs are paid regularly within the due date.
2. Can I get a loan without a PAN card?
A personal loan can be obtained without a PAN card or salary slips. You will have to submit an identity proof instead of your PAN card.