Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply

Quick Links for loans

Quick Links for Insurance

Investment

Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Back

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients
Know More
Back

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Personal Use Loan > ₹10000 Loan on Aadhar Card

Personal Use Loan

₹10000 Loan on Aadhar Card

₹10000 Loan on Aadhar Card

There was a time when applying for a loan meant scrambling for a multitude of documents. You had to create a pile of documents and their copies to apply for a loan. This created a lot of hassle and extra work. However, with the coming of Aadhar, you can now apply for a loan with a minimal number of documents. This also enables you to complete your KYC online without having to visit a bank or financial institution.

Continue reading to know more about how to get a Rs. 10,000 loan on an Aadhar card.

How to apply for a Rs.10,000 Loan on Aadhar card

Applying for a Rs.10,000 loan online using your Aadhar Card involves these easy steps:

Step 1: Navigate to the website of your chosen lending institution to explore their loan offerings.

Step 2: Register by providing the necessary details and specifying your loan needs.

Step 3: Submit digital copies of your Aadhar and PAN cards.

Step 4: Post-documentation, your application will be reviewed and processed for approval.

Step 5: Once approved, the loan amount will be transferred to your bank account.

However, ensure you understand all the terms and conditions of the loan, before applying.
In the absence of a PAN card, alternatives like a driving license, salary slip, or Voter ID/passport can be submitted.

Features and Benefits of ₹10000 loan on Aadhar card

Taking out a loan on an Aadhar card comes with multiple benefits. Some of these include:

You only need a few documents: Just show your Aadhar card and some basic KYC details, and you’re good to go.
You get the money fast: You can expect to get approved and receive the funds in your account within a day.
You don’t need any collateral: This loan is unsecured, which means you don’t have to risk losing any of your assets.
You can use the money for anything: Whether you have an emergency, a small purchase, or a personal goal, you can spend the money as you wish.
You can apply online: You don’t have to visit any branch or office. You can complete the whole process from the comfort of your home or anywhere else.

These benefits make the Rs. 10,000 Aadhar card loan a smart and convenient choice for your financial needs. It can help you achieve your dreams and overcome your challenges.

Eligibility for Rs.10000 loan on Aadhar Card

Anyone can apply for an Aadhar card Rs. 10,000 loan as long as they fulfill basic eligibility criteria. If the criteria are met, you can complete the application process and get quick approvals for the loan.

  1. Age: The minimum age to apply for an Aadhar card loan of Rs. 10,000 is 21 years. The upper limit varies from lender to lender and could even be up to 65 years.
  2. Income: You need a minimum net monthly income of Rs. 25000 to avail of a loan on an Aadhar card.
  3. Creditworthiness: A minimum credit score of 750 and above is necessary to be eligible for a loan on an Aadhar card.
  4. Consistent Employment: Some lenders require proof of consistent employment for a certain minimum period, usually 3-6 months.
  5. Consistent Residence: Some lenders also require proof of consistent residence in the form of documents like maintenance bills, electricity bills, etc.

How is EMI calculated on a ₹10,000 loan on an Aadhar card?

Calculating the EMI (Equated Monthly Installment) for a Rs. 10,000 Aadhar card loan is straightforward. Primarily, it depends on three factors: the loan amount, interest rate, and tenure.

For a Rs. 10,000 loan, the EMI can be calculated using the formula: EMI = P x R x (1+R)^N / [(1+R)^N-1], where P is the principal amount (Rs. 10,000), R is the monthly interest rate, and N is the number of months.

If a person obtains a loan of ₹10,000 using his Aadhaar card, with an annual interest rate of 10% and a repayment period of one year, the calculation would be as follows:

EMI = 10000 * 0.01 * (1 + 0.01)^12 / [(1 + 0.01)^12 – 1] = ₹879

In this scenario, the total interest payable over the course of the loan amounts to ₹550, bringing the cumulative amount to be repaid to ₹10,550

To Conclude

Monetary emergencies are never in your control. However, in such circumstances, a loan on an Aadhar card enables you to ride over the exigent situation comfortably. Tata Capital provides loans against Aadhar cards on convenient repayment terms. All you need to do is share your UIDAI number and other relevant documents and you will get a Rs.10,000 loan on an Aadhar card within hours.

Apply for a Personal Loan

Related Blogs on Aadhar Card

How to Download Aadhar Card | How to Check Aadhaar Card Status | How to Link Aadhaar Card to Bank Account | How to Change Name on Aadhaar Card After Marriage | How to Fill Aadhaar Enrollment Form | How to Get Loan on Aadhar Card | How to Link Aadhaar Card with PAN Card | How to Update Mobile Number in Aadhaar Card | 20000 Loan on Aadhar Card | 50000 Loan on Aadhar Card

Get an Instant Personal Loan for all your needs !

Apply now
Popular Searches
loan without cibil personal loan for 15000 salary Loan for ring small cash loan on aadhar card pre approved personal loan What To Buy On Dhanteras Personal loan when self employed how to increase cibil score form 15g for pf withdrawal how to download aadhar card
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Important Information

Investor Information

Visit us on:,Visit us on: www.tatacapitalmoneyfy.com,www.tatacapitalmoneyfy.com

Our Private Equity Funds

Amalgamated Companies

Top Branches
Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.