Steps to get a ₹50,000 Loan on Aadhaar Card Online

With loans helping you manage comprehensive financial expenses, availing them is no herculean task. Advancements in the fintech sector have further accelerated the personal loan application and approval process. As such, getting a ₹50,000 loan on an Aadhaar card is straightforward and quick. 

However, checking the eligibility criteria the lender sets before applying is an important part of the process. This helps you avoid rejections and get the funds quickly. Keep reading to gain better insight on how to avail of a ₹50,000 personal loan using your Aadhaar card details.

Features of Aadhaar Card Loan 

Since its issuance in 2010, the KYC process has become more simplified. Your Aadhaar card acts as both your ID and address proof.

With lenders offering the facility of e-KYC, getting ₹50,000 with an Aadhaar card is easy. Check out some of the unique features of such a loan and choose a comfortable and fast option.

Also Read: Get Personal Loan using an Aadhaar Card

Enjoy Quick Disbursal 

Irrespective of the loan amount, get funds disbursed to your account instantly by providing your Aadhaar details to the lender. This helps lenders verify your identity and create a loan account with your credentials. Once approved, you get the required amount in your account promptly. 

Opt for Flexible Repayment Tenures

When you apply for an Aadhaar card loan of ₹50,000 online, you can choose convenient tenures that best match your requirements. Here are a few points you should know when choosing a tenure: 

• You may opt for tenures ranging from 1 to 5 years, depending on your lender
• Longer tenures increase your interest dues
• Shorter tenures result in a higher EMI amount but lowers your interest liability

Also Read : How to Get Lower EMI For a Personal Loan

Apply with Minimal Documentation

You can avoid the lengthy paperwork to get a personal loan using an Aadhaar card. Note these points to understand why it’s an excellent option. 

• Simply enter your basic details on the lender’s website to check your eligibility
• Upload a soft copy of your documents directly on the application portal
• Save time and money by avoiding creating a physical copy and sending it to the lender 
• Opt for an eco-friendly process

Personal Loan Eligibility Criteria 

Now that you know the benefits of availing personal loans using your Aadhaar card, you simply have to meet the eligibility parameters set by the lender. Here are a few common eligibility criteria required to apply on Fibe:

Parameter	Criteria
Age	Between the ages of 21 and 55 years
Location	Resident of India
Income	₹15,000 if residing in non-metro cities and ₹18,000 if you are staying in metro cities
Employment	Salaried employee with a steady job in any sector

The eligibility parameters, such as age and salary requirements, can vary from one lender to another. Hence, it’s best to check them before applying. 

Also Read: How to Calculate Personal Loan EMI

Step-by-Step Process to Apply 

Most financial institutions give you the option to apply online from the comfort of your home. Follow this simple process to apply for a ₹50,000 loan on an Aadhaar card at Fibe.

• Step 1: Register on the Fibe website or download our instant loan app
• Step 2: Check your loan eligibility
• Step 3: Select the option to apply
• Step 4: Share a few basic details, including your Aadhaar card number
• Step 5: Fill in the required loan amount along with the tenure
• Step 6: Get instant approval within minutes 
• Step 7: Upload your KYC documents post-approval
• Step 8: Receive funds instantly in your bank account

That’s all it takes to get a Fibe Instant Cash Loan. We provide loan amounts of up to ₹5 lakhs at competitive interest rates, helping you manage all your financial requirements. With easy to meet eligibility criteria and swift online application, you get financing for all your planned and unplanned expenses. 

What’s more, we allow you to close your loan early without any penalties or charges. Download the Personal Loan App or register our website now to apply!

FAQs on ₹50,000 loan on Aadhaar Card

Can I get a ₹50,000 loan without a salary slip?

Yes, you can get a personal loan without your salary slips if you meet the required eligibility criteria. However, to prove your eligibility, you may need to provide your salary account bank statements.

What is the maximum loan amount I can avail of using an Aadhaar card?

The maximum loan amount varies from one lender to another. You can get a maximum amount of ₹5 lacs at Fibe using your Aadhaar card as verification.

How to get ₹50,000 instantly?

You can get the amount instantly by availing an Instant Personal Loan at Fibe. Simply download the Fibe app or visit the portal and register by providing your details. Then, follow the steps to apply and await approval.

What is the EMI for a ₹50,000 loan?

The EMI depends on the interest rate charged on your personal loan. For instance, your EMI for a ₹50,000 loan at an interest rate of 30% p.a. for a tenure of 24 months will be ₹3,333.

Which app can give me a ₹50,000 loan?

You can get a personal loan of ₹50,000 using the Fibe app. Download the app from the App Store or Google Play and register. Submit your KYC details and documents. Post approval, you can get the funds credited to your account within minutes.

What is the monthly payment on a ₹50,000 loan?

Let’s say your interest rate is 12% p.a. Then, for 1 year, your EMI will be ₹4,442. If you opt for a tenure of 2 years, then your EMI will drop to ₹2,354. If you get this loan for 3 years, then your EMI will be ₹1,661, and so on. You can decide on a comfortable amount by using a personal loan EMI calculator.