When it comes to medical emergencies, personal loans are the biggest savior for their instant approval and disbursal features. Few decades ago, availing a loan was a bit difficult and annoying because of the excess documentation. There was a need to submit a number of documents including address proof, birth certificate, identity proof, and yet there were delays in approvals. But with the launch of the Aadhar card, now it has become easier to avail of a personal loan online. An Aadhar card provides a universal identity to every citizen and reduces the number of documentation required to avail of a loan. Getting personal loans on an Aadhar card is extremely easy and straightforward.
Features of Personal Loans on Aadhar Card:
Aadhar card plays a vital role in availing of a personal loan for medical emergencies.
- At Buddy Loan, you can avail up to Rs. 15 lakhs at a lower interest rate starting at 11.99% per annum.
- Use personal loans to pay off all your hospital bills, doctor’s fees, medical bills, and other expenses.
- There is no need to pledge anything for security.
- Loans can be repaid in EMIs.
- After the approval, the amount will be disbursed directly into your bank account within hours.
- Minimum documentation and speedy online sanctioning of loans.
- With flexible tenure ranging from 6 months to 5 years, you can repay the loan at your convenience.
- A personal loan does not have hidden charges.
- You can use the loan amount as per your needs, there is no limitation of the fund usages.
Impact of Aadhar Card on Personal Loan
Aadhar card is extremely convenient and beneficial when it comes to availing of a personal loan. When you apply for a loan, NBFCs, banks, and aggregators look for two things: KYC and Aadhaar. For validating and verification of your loan, Aadhar provides your identity and residential information. Aadhar card is safe to use and makes your entire financial journey smooth and simple.
Conclusion!!
There is no doubt that an Aadhar card makes life easier when you face a medical emergency and need instant cash. Make sure it is linked with your bank account to avail of the loan quickly and efficiently. It avoids the hassle of multiple documentation and assures quick approval too. What are you waiting for? Apply for a loan now using an Aadhar card and maintain your monthly expenses with ease!