headercom

Did You Know?

We serve loans, the best way you can borrow

Great Place to Work

Apply for 1 lakh Loan Online on Aadhar

Running short on cash before month-end feels awful. You worry about pending bills and family needs. How to get loan on Aadhar card without visiting multiple offices? lendingplate offers quick loans using just your Aadhar card. You can apply right from your phone and receive funds the same day. No more waiting in long bank lines or gathering piles of documents.

Key Features and Benefits for 1 Lakh Loan on Aadhar Card

Wondering, “Can I get loan on Aadhar card?” Well, money troubles shouldn't keep you awake at night when solutions exist at your fingertips.

  • Quick Approval
    Your loan application gets processed within minutes after submission. No endless waiting periods or uncertainty about approval status.
  • Minimal Documentation
    You need only basic documents with your Aadhar card. Skip the hassle of collecting numerous papers for your loan application.
  • Easy Application Process
    Apply directly through your mobile phone. The simple interface guides you through each step without technical complications.
  • Flexible Repayment Options
    Choose payment terms that match your financial situation. Your comfort matters when planning monthly budgets and expenses.
  • No Physical Branch Visits
    Complete everything online – from application to approval. Save precious time and travel costs while getting your loan.

Interest Rates for 1 Lakh Loan on Aadhar Card

lendingplate offers competitive interest rates based on your profile. You pay what matches your situation. The transparent pricing shows what you'll pay from start to finish. Different loan amounts attract different rates depending on your income and repayment capacity. The quick processing means money reaches you faster despite lower rates.

Advantages of Getting a 1 Lakh Loan on Aadhar Card

Financial emergencies strike without warning, leaving you scrambling for quick solutions and immediate help.

Instant Disbursal
Your approved loan amount reaches your bank account within 30 minutes. Medical emergencies and urgent purchases don't have to wait anymore.

No Collateral Required
Your Aadhar identification proves sufficient for loan approval. You don't risk your valuable assets or property when borrowing money for needs.

Entirely Digital Process
Complete the entire application journey through your smartphone. The paperless approach saves trees while giving you convenience during stressful financial situations.

Transparent Fee Structure
All charges appear upfront before you finalise your loan. No surprise fees or hidden costs hit you after receiving your loan amount.

Get Loan On Aadhar Card Support
Dedicated teams help you navigate any questions during application. You never feel alone or confused while dealing with your financial requirements.

How to Calculate EMI for 1 Lakh Loan on Aadhar Card

The EMI formula combines your principal amount, interest rate, and loan tenure to determine your fixed monthly payment. For a 1 lakh loan on Aadhar card, the EMI varies based on your chosen repayment period and interest rate.

A shorter tenure means higher monthly payments but less interest overall. Longer tenures reduce your monthly burden but increase the total interest paid. lendingplate provides an easy-to-use EMI calculator on their website. You simply enter your loan amount, expected interest rate, and preferred tenure.

Amount
25000
Duration
12 M
Interest Rate
36 %
Monthly EMI

₹2512

Total Interest ₹5144
Total Amount ₹30144

Eligibility Criteria for 1 Lakh Loan on Aadhar Card

Eligibility

Financial troubles feel less scary when you know exactly what requirements you need to meet for quick loan approval.

- Age above 21 years

- Monthly income above ₹20,000

- Valid Aadhar card

- Active bank account with statements

- Indian citizenship proof

- The employment history of three months

- Residence proof with current address

Documents

Getting your documents ready beforehand speeds up your loan on Aadhar card online approval process and reduces waiting time for money.

- Aadhar card (mandatory)

- PAN card for verification

- Latest salary slips

- Bank statements (3 months)

- Address proof if needed

- Passport size photographs

- Employment ID card

How to Apply for 1 Lakh Loan on Aadhar Card

  • Visit lendingplate Portal
    Create your account using basic details and your mobile number.
  • Complete Basic Information
    Enter your personal details like name, address, and employment information.
  • Connect Online Banking
    Link your bank account safely for income verification.
  • Upload Required Documents
    Submit your Aadhar card and other necessary documents through clear phone photos.
  • Verification Process
    lendingplate quickly verifies your information electronically.
  • Loan Approval
    Receive notification about your loan status. Approved loans move directly to the disbursal stage without delays.
  • Fund Transfer
    Money transfers to your linked bank account. Most users receive funds within 30 minutes after approval.

Tips To Get Instant 1 Lakh Loan on Aadhaar Card

Meeting lender requirements beforehand increases your chances of quick approval without frustrating back-and-forth communications.

Check Your Credit Score
Review your credit score before applying to understand your position. Good credit history significantly improves your loan approval chances and interest rates.

Verify Aadhar Details
Ensure your Aadhar information matches other identity documents. Discrepancies between documents often cause unnecessary delays in loan processing.

Complete Application Fully
Fill every section of the application without skipping fields. Incomplete information requires follow-ups and extends your waiting period for funds.

Keep Documents Ready
Prepare all required paperwork in digital format beforehand. Having everything organised saves precious time during the application submission process.

Choose the Right Loan Amount
Request what you genuinely need rather than the maximum available. Lenders approve reasonable loan amounts faster when they match your income level.

Why Choose lendingplate for a ₹1 Lakh Loan on Aadhaar Card?

Money worries feel overwhelming, but getting help shouldn't involve jumping through endless hoops or facing judgment about your situation.

lendingplate

A Speedy Process

Minimal Documentation Required

lendingplate

Customer-First Approach

Transparent Fee Structure

lendingplate

Fully Digital Experience

Instant Personal Loan on Aadhar Card

Frequently Asked Questions

At lendingplate, most loans get approved within minutes after application submission. The money reaches your bank account typically within 30 minutes after approval. Some applications might need additional verification – which could take a few hours. Overall, you can expect the entire process from application to disbursal, within the same day – unlike traditional banks that take days.

While a good credit score helps secure better interest rates, lendingplate considers other factors too. Your regular income and employment stability often matter more than your perfect credit history. Even with average scores, you can qualify for a 1 lakh loan on Aadhar card.

The loan amount isn't fixed just because you apply with an Aadhar card. lendingplate offers loans ranging from ₹10,000 to ₹2,50,000 based on your eligibility. A customer with a higher income typically qualifies for larger amounts up to the maximum limit offered.

lendingplate maintains complete transparency regarding all fees associated with your instant personal loan on Aadhar card. You'll pay a processing fee between 1%-5% of the loan amount. Other potential charges include conversion fees (1%-5%) and mandate return fees (₹500 including GST) for failed payments. Early repayment attracts a 5% foreclosure charge if closed before your first due date, otherwise, none.

Simultaneously taking multiple loans affects your repayment capacity and might result in rejection. lendingplate evaluates your existing loan obligations during application review. If your income comfortably supports multiple EMIs, you might qualify for additional credit.

Your data security remains a top priority at lendingplate. All personal information, including Aadhar details, gets stored in encrypted format with restricted access.