How Can I Get Personal Loan Using Aadhaar Card and OTP?
With digital banking, you can apply for a Personal Loan using Aadhaar-based e-KYC and OTP authentication — making the process quick and paperless.
What is Aadhaar-based e-KYC?
e-KYC allows lenders to verify your identity electronically using:
- Aadhaar number
- Registered mobile number
- OTP authentication
Step-by-Step Process
1) Start Online Application
Fill basic details:
- Name
- Mobile number
- PAN
- Employment details
2) Aadhaar Number
Provide your Aadhaar details for identity verification.
3) OTP Authentication
An OTP is sent to your Aadhaar-linked mobile number. Enter OTP to complete e-KYC verification.
4) Verify your income documents digitally
Through,
- Account Aggregator
- Net Banking
- Upload Statement
5) Loan Approval & Disbursal
Upon verification, funds may be credited to your account.
Benefits of Aadhaar-based Personal Loan
- Paperless process
- Faster verification
- Reduced documentation
- Quick disbursal
Eligibility Criteria
- Age between 21–58 years
- Stable income source
- Satisfactory credit score
- Aadhaar linked with mobile number
Important Tips
- Ensure mobile number is linked with Aadhaar
- Maintain good credit score
- Provide accurate employment details
Conclusion
Applying for a Personal Loan using Aadhaar and OTP makes the process seamless and convenient. Ensure accurate details and a strong credit profile for faster approval.