A personal loan is a popular financial product that helps people to meet their financial needs. It’s an unsecured loan, which means you don’t need to provide any collateral to get the loan amount. Aadhaar Cash (Aadhaar Cash) is one of the leading websites in India that provides personal loans at attractive interest rates. In this article, we’ll discuss everything you need to know about Aadhaar Cash personal loans, including eligibility criteria and interest rates.
Eligibility Criteria for Aadhaar Cash Personal Loans:
To be eligible for an Aadhaarcash.limited personal loan, you need to meet the following criteria:
- Age: You must be at least 21 years old and not more than 58 years old.
- Income: You need to have a minimum net monthly income of Rs. 15,000 to be eligible for an Aadhaar Cash personal loan.
- Employment: You must be a salaried employee of a government, private, or multinational company with at least two years of work experience.
- Credit score: Your credit score must be good. A credit score of 750 or above is considered good.
- Location: You should be residing in a city where Aadhaar Cash (Aadhaarcash.Limited) has a branch.
Interest Rates for Aadhaar Cash Personal Loans:
The interest rates for AadhaarCash personal loans depend on the loan amount, repayment period, and your credit score. The interest rates start from 7.00% per annum. Here’s a table that shows the interest rates for different loan amounts and repayment periods:
Min@7.5% to email@example.com% APR with a repayment period of a min 1 year to a max of 20 years, and zero processing fees.
The Loan Amount is 10,000, Interest Rate is 7% p.a, and Loan Period is 1 Year. Then the total repayment amount after 1 year is 10,000 + 700(7% ROI) = Rs 10,700
|Loan Amount||Repayment Period||Interest Rate|
|Up to Rs. 25,000||Up to 2 years||7.00%|
|Rs. 25,000 – Rs. 50,000||Up to 3 years||7.00%|
|Rs. 50,000 – Rs. 5 lakh||Up to 5 years||7.00%|
|Rs. 5 lakh – Rs. 10 lakh||Up to 5 years||7.00%|
|Above Rs. 10 lakh||Up to 5 years||7.00%|
Note: The interest rates mentioned in the table are subject to change as per the bank’s discretion.
Documents Required for Aadhaar Cash Personal Loans:
Aadhaarcash.limited Application Process
To apply for an Aadhaar Cash personal loan, you need to submit the following documents:
- Identity proof: PAN card, Aadhaar card, passport, or driving license.
- Address proof: Aadhaar card, passport, driving license, or utility bills (not more than 3 months old).
- Income proof: Salary slips of the last three months, bank statements of the last six months, or Form 16 (for salaried individuals).
- Employment proof: Offer letter, appointment letter, or employee ID card.
- Photographs: Passport size photographs.
How to Apply for Aadhaar Cash Personal Loans:
You can apply for an Aadhaar Cash personal loan online or offline. Here are the steps to apply for an Aadhaar Cash personal loan online:
- Visit the Aadhaarcash.limited personal loan page on the bank’s website.
- Click on the ‘Apply Now’ button.
- Fill in the personal loan application form with your personal and employment details.
- Upload the required documents.
- Click on the ‘Submit’ button.
Once you submit the application form, the bank will verify your details and documents. If everything is in order, the loan amount will be disbursed to your bank account within a few days.