Need Instant Rs.2 Lakh? Aadhaar Has a Secret Way!
By Team CodeForBanks | May 5, 2025
Need instant Rs.2 lakh? Aadhaar can be the solution to your financial emergency. This is because using your Aadhaar card, you can apply for an instant small cash loan when urgently required. Usually, immediate access to a loan is a difficult thing. But Aadhaar opens the door to a personal loan of Rs.2 lakh. Read further to know the secret way!
Instant Rs.2 Lakh Loan with Aadhaar - Eligibility Criteria
The Rs.2 lakh loan via Aadhaar can help you manage medical emergencies, education expenses, and business needs, and also finance home improvements and repairs. You may choose to use it for debt consolidation, or to cover unforeseen travel and relocation expenditures.
You need to fulfil the following criteria to be eligible for the Rs.2 lakh personal loan through the Aadhaar card:
Citizenship: You need to be an Indian citizen.
Age: The Aadhaar card holder should be between 21 and 65 years of age. The required age range may vary.
Credit Score: A strong credit score, say 650 or above, is needed. However, depending on other variables like income, some lenders agree to provide the loan anyways.
Income Proof: To be confident in your ability to repay the loan, the lender expects you to have a steady source of income. Based on various parameters, the lender can demand a minimum monthly income.
Aadhaar Card: Aadhaar is required as the main identity proof.
Documents Required
Besides Aadhaar, you will need a few more documents for a smooth and speedy approval process. Prepare the following in advance:
- Aadhaar for identity
- PAN card for financial transactions and as a supplementary identity card
- Bank statements for information about your income over the last three months
- A passport-size photograph
- Address proof which can be a utility bill, passport, voter ID, etc.
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How to Apply for an Instant Rs.2 Lakh Loan with Aadhaar
The procedure for the instant loan application through Aadhaar is as follows:
Research and Comparison
Start by researching different lenders; compare their interest rates, repayment terms, charges, customer reviews, etc. to select your most appropriate lender for getting the loan.
Gather Documents
Collect all the necessary documents required for the loan application process. As mentioned, this may include your Aadhaar card, PAN card, bank statements, salary slips (for salaried individuals), income tax returns (for self-employed individuals), etc. All the documents should be clear and legible to avoid any delays in processing your application later on.
Applying for the Loan
Once you've chosen a lender, visit their official website. You may also download their mobile application to start with the application process.
Application Form
Fill the loan application form with the required personal and financial details accurately. Ensure that you mention you are applying for a Rs. 2 lakh loan on your Aadhaar card.
Upload Documents
Now you can digitally upload all the necessary documents as per the given lender's instructions.
Submit Application
Double-check all the information provided by you in the application form. Then you can go ahead and submit your loan application online.
Await Approval
Once you've submitted your application, the lender will go through your details and evaluate your eligibility for the loan. While this requires a few days, some lenders offer quick approval within 24 hours.
Loan Disbursal
If the loan application is approved, the sanctioned loan amount will be credited directly to your bank account within a specified timeframe. The timeframe is usually 24-48 hours.
Rs.2 Lakh Loan on an Aadhaar Card – A Quick Overview
Take a look at the table below giving a brief overview of the details discussed:
| Criteria | Details |
|---|---|
| Loan Amount | Rs.2,00,000 |
| Documents Required | Aadhaar Card, PAN Card, Address Proof, Income Proof (if required) |
| Approval Time | 24-48 hours |
| Eligibility Criteria | Indian citizen, age 21-65, valid Aadhaar card, stable income source |
| Collateral Required | None |
| Penal Interest | 2-3% on overdue EMI |
| Application Process | Online or via the lender's mobile app. Aadhaar, complete KYC, and wait for approval. |
Final Thoughts
Most people have no clue that Aadhaar can unlock Rs.2 lakh loan instantly. It requires minimal documentation and the approval is quick. You also get a flexible repayment tenure to lessen the burden of EMI. While it comes under the category of an unsecured loan, the Rs.2 lakh loan on Aadhaar is open to all eligible citizens.
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