How to take loan from Aadhar card?

PMEGP Loan Aadhar Card: With increasing time, people's desire and ways of doing business are also changing. Anyone who wants to start their own business but does not have money, then they no longer need to worry. Because now such a program has been started by the Central Government in which they will be given loan for business and will also be given subsidy on that loan. Detailed information about this scheme is being given in this article, read it completely

How to take loan :

It is now possible to get a personal loan of Rs.5 lakh on Aadhar card. For this you need to go to a financial institution or bank, which offers personal loans . You will have to provide Aadhaar card as proof of your identity, along with income proof and bank statements as required documents. Banks and financial institutions will check your creditworthiness and eligibility on the basis of these documents. When your application receipt is approved by the bank, you can receive the loan amount in your bank account.

Rs 5 lakh Terms of taking personal loan up to Rs. 

• Applicant must be an Indian resident.
• At the time of applying for the loan, the minimum age of the applicant should be 21 years and maximum age should be 67 years (at the time of loan maturity).
• Employed (working in a private limited company or public sector undertaking) and non-employed professionals with 1 year of work experience are eligible for this personal loan.
• The minimum monthly income of the applicant should be up to Rs 15,000.
• Having a credit score of 750 or more increases the chances of loan approval. Besides, it also helps in getting personal loan at low interest rates.

Benefits and Features of PMEGP Scheme 2024

The benefits of PMEGP Loan Aadhar Card and its features are as follows – 

1. Through this scheme, small, micro and middle class traders will be provided employment.
2. The loan amount through this scheme will range from Rs 2 to 10 lakh.
3. Subsidy of up to 35 percent is given in rural areas and 25 percent in urban areas on loans obtained through the scheme.
4. Subsidy will be given as per rules on the loans given through the scheme, which will be different for different categories of people.
5. The beneficiaries of this scheme will be all those youth and businessmen of the country who want to do their own business.

Eligibility for Prime Minister Employment Generation Program Scheme 

Some important eligibility criteria for this scheme are as follows –

 

• To apply for this scheme, the applicant must be above 18 years of age.
• Individuals who want to start their own business can take loan through this scheme.
• Along with this, it is necessary for the applicant to have a base industry.
• No benefit will be given on the land taken for business through this scheme.
• The applicant must have Aadhar card along with mobile number and email ID.

How to take loan of Rs 5 lakh online through Aadhar card

1. Install the app: You will need a personal loan app . So first of all, install the application of Hero Fincorp.
2. Provide information: You need to enter basic details like your name, income, purpose of loan, and PAN card number.
3. Upload Documents: Upload identity proof and address proof documents to complete the KYC process.
4. Bank Account Information: Enter your bank account details, such as account number and IFSC code.
5. Approval Process: The approval process for your loan will begin immediately.
6. E-Mandate and Signature: You have to sign the e-mandate and loan agreement digitally.
7. Receive the loan amount: The loan amount will then be credited to your bank account.

Documents required for personal loan 

• ​identity proof
• signature proof
• PAN card
• address proof
• Bank statement of last 6 months
• Salary slip of last 3 months
• ITR/Form 16

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