Life is uncertain. No matter how good we plan, it brings something unexpected by challenging our strategies. Often unexpected expenses or emergency situations may be a bit challenging. In that case, lack of money is the last thing you would like. In today’s run -of -the -mill life, money is always required. But if you have an Aadhaar card then you can easily take a personal loan. Kotak Mahindra Bank on Aadhaar card Rs. Provides a personal loan of 50,000.
Aadhaar card personal loan means
The Aadhaar card is a valid identity document provided by the Government of India. However, it can also help you get a personal loan. Also, you should know that this is not enough alone. You will need some more documents to verify your income and business. Personal loans are usually unsafe loans, which means that you do not have to mortgage any property for the application of this loan. In Kotak Bank, you can apply using your Aadhaar card along with other necessary documents.
Aadhaar card, Rs. How to get a personal loan of 50,000 immediately?
The process of taking personal loan on the Aadhaar card is quite simple and fast. If you meet the eligibility conditions for taking a loan, you can apply for a personal loan on the Aadhaar card online or by going to the bank branch. In Kotak Mahindra Bank, the process of application is very simple and straightforward. By following some steps, you can easily get a loan within 30 minutes of application. After approval, the loan amount is deposited in your bank account.
Rupee. What are the benefits of 50,000 personal loans?
Rupee. The personal loan of 50000, provides you with immediate money, which has the following benefits:
- Help in emergency: Rs. The 50000 personal loan can help you in any emergency, such as medical emergency, home repair, or buying a car.
- Simple application process: The application process for personal loan is usually simple and fast. You can apply online or by going to bank branch.
- Low documents: Rs. 50,000 personal loans require low documents. Usually, you only require Aadhaar card, PAN card, and income proof.
- Early approval: Kotak Mahindra Bank provides you a personal loan of up to 50,000 within 30 minutes of your application.
- Completing your dreams: Rs. The urgent loan of 50000 can help you fulfill your dreams, such as traveling, getting education, or starting a business.
Aadhaar card, Rs. How to get a personal loan of 50,000
On Aadhaar card, Rs. To get a personal loan of 50,000, you have to follow the following step:
- Completely fulfill the conditions: To take a personal loan on the Aadhaar card, you have to fulfill the following qualification conditions:
You should be a citizen of India.
You should be between 21 and 60 years of age.
Your monthly income should be at least Rs 15,000.
You should have valid documents approved by the government.
Apply for the loan: After completing the qualification conditions, you can apply for a personal loan from any loan company. Applications can usually be made online or through mobile app.
Understand the terms of the loan: When your loan is approved, you have to understand the terms of the loan. Conditions of personal loans include interest rates, repayment periods, and other fees.
Get the loan amount: After understanding and accepting the terms of the loan, you can get the loan amount. The loan amount is deposited in your bank account.
Rupee. 50,000 personal loan EMI up to 6 years
You can easily get information about EMI of your loan using online personal loan EMI calculator on the website of Kotak Mahindra Bank. The interest rate in Kotak Bank starts at 10.99%, and you can choose one of the flexible tenure of 1-6 years that is best suited for you to repay the loan.
Through the following data, you can evaluate the interest rate payable per year:
| Period in Year | Monthly EMI amount | Total amount payable | total amount payable |
| 1 | 4,418 | 3,026 | 53,026 |
| 2 | 2,330 | 5,924 | 55,924 |
| 3 | 1,636 | 8,921 | 58,921 |
| 4 | 1,292 | 12,018 | 62,018 |
| 5 | 1,086 | 15,212 | 65,212 |
| 6 | 951 | 18,504 | 68,504 |
Aadhaar card and PAN card processing process
You can take a personal loan by following the following steps with Aadhaar card and PAN card:
Eligibility Check: Go to Kotak Mahindra Bank’s website and then go to the personal loan page in it. Check your eligibility by filling information like your age, income and city.
Choose loan amount: See the online pre-upward loan amount and choose the amount as per your requirement. Can also choose repayment period.
Aadhaar card verification: Put a link to Aadhaar card on the website and verify your information by putting OTP.
Upload the document: Upload the necessary documents like PAN card, salary slip. Upload link will be available on the website itself.
Get loan acceptance and amount: Submit the application and wait for acceptance. On getting approval, the loan amount will be deposited in your bank account in a few hours.
Ready to take the next step?
