In India, Aadhar and PAN are two of the most crucial identifying cards that everyone has to have. The Indian government assigns each resident of India an individual 12-digit identifying number called an Aadhar. While PAN (Permanent Account Number) is a ten-digit alphanumeric identification given to people, businesses, and enterprises to track their financial activities.
Do you know you can get an instant loan with your Aadhar and PAN cards? Yes, it is possible. Before knowing it, let’s know what an instant loan is.
A loan that is disbursed instantly to the borrower and without any complications is known as an immediate loan. This loan is unsecured, therefore the borrower is not required to offer any security or collateral in exchange for it. The loan is normally for a modest sum, and it is intended to cover urgent financial demands such as unexpected medical bills, tuition costs, house repairs, etc.
How to get an instant loan using Aadhar & Pan?
It's simple to apply for an instant loan using Aadhar and PAN. You must perform the actions that follow:
Step 1 :- Choose a lender
Selecting a lender is the first step in obtaining an instant loan. Online instant loans are made available by many lenders in India. for example Banksafari. Banksafari is a financial website that offers details on a number of rapid loan products, including payday loans, personal loans, and short-term loans. Through the website, users may apply for loans directly and compare interest rates, payback schedules, and eligibility requirements. Users can estimate borrowing expenses and repayment amounts with the aid of the website's loan calculators. Anybody looking for immediate cash support can consider using Banksafari.
To find the lender that best meets your needs, you may evaluate the interest rates, loan amounts, and other terms and conditions that are provided by different lenders.
Step 2 :- Check eligibility criteria
Once you've decided on a lender, you need to determine if you meet the requirements for the loan by reviewing the eligibility requirements. Although the conditions may differ from one lender to another, the following are some standard ones:-
- You must be a resident of India
- You must be between 18 and 65 years of age
- You must have a stable source of income
- You must have a good credit score
Step 3 :- Apply for the loan
You may apply for a loan by going to the lender's website or downloading a mobile app after making sure you meet the requirements. Your name, phone number, email address, and other essential information must be provided. Together with certain more papers, like bank records, pay stubs, etc., you will also need to upload your Aadhar and PAN information.
Step 4:- Verification
The lender will check your details after you've submitted your application. Depending on the lender's policies, the verification procedure could take a few hours to a few days. The lender might get in touch with you during this period to confirm certain information or request more supporting documentation.
Step 5:- Loan Disbursal
Lender will deposit the loan amount into your bank account if your application is accepted. Depending on the lender's policies, the loan amount will be credited to your account within a few hours to a few days.
There are several benefits of getting an instant loan using Aadhar and PAN. Some of them are:-
Quick Disbursal
The loan is disbursed fast, which is one of the main benefits of combining Aadhar and PAN to obtain an instant loan. As a result, you have a few hours to a few days to receive the money you require to take care of your immediate financial obligations.
No collateral required
You don't need to present any collateral or security to obtain the loan, which is another benefit of using Aadhar and PAN to obtain a quick loan. This makes obtaining a loan simpler for those who have no assets.
Easy application process
Getting an instant loan using Aadhar and PAN is quite easy. You can apply for the loan online by providing some basic details and uploading your Aadhar and PAN details along.
No bank visits
You do not need to visit a bank to apply for this loan. You just need your smartphone to avail an instant loan.
In this way you can use your Aadhar and PAN cards to get instant loans in the super easiest way through top rated website Banksafari.
