Here is how you can get a personal loan with your Aadhar card

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applying for a personal loan. Although an Aadhaar card is required for the personal loan application procedure, it is crucial to understand that lenders may also require additional documentation. While an Aadhaar card helps with identity verification and e-KYC, financial institutions usually require extra paperwork before processing your loan application.

Lenders such as Bajaj Finance Limited offer personal loans of up to Rs. 40 lakh with minimal documentation requirements, making them a preferable choice. In addition to the Aadhaar card, the following documents are required for a personal loan: Bajaj Finance Limited provides three variants of personal loans: Term Loans, Flexi Term Loans, and Flexi Hybrid Loans.

The Flexi Loan types are ideal for you if you're looking for a loan that lets you withdraw funds out of your approved loan amount whenever you need it and make prepayments whenever it's convenient for you. With Flexi Loans, interest is charged solely on the amount you have withdrawn from your sanctioned loan limit. Furthermore, there are no fees for customers who wish to prepay a portion of their FlexiLoan balance One of the most notable advantages of a personal loan is the flexibility with which it can be utilised.

Unlike other sorts of loans, there are usually nosignificant enquiries about the loan's purpose from the lender. This gives you the freedom to use the money for a variety of yourneeds, aims, or goalsyou choose to achieve. Whether you need money for a wedding, house improvements, or unanticipated medical costs, a personal loan is a flexible companion that can meet all of your distinct financial needs.