Aadhar Card Loan in Delhi

Aadhar Card Loan in Delhi

For centuries Delhi has remained a supreme trading and commercial centre in Northern India. Serving as a capital city under several kingdoms, the city abounds in historical significance and acts as the focal point of commercial, transport, cultural as well as political centres of India. Places like Red Fort, Humayun’s Tomb, Qutub Minar, Jantar Mantar, India Gate, Hauz Khas, Bahai (Lotus) Temple stand testimony to its rich history.

Information technology, telecommunication, hotel, tourism, and retail industry serve as the backbone of Delhi’s economy, making its per-capital income one of the highest in India. To strike a perfect balance between continually rising living costs and a demanding modern lifestyle, Delhiites often rely on personal financing options, like an Aadhaar card loan. With the advent of the Aadhaar card and paperless e-KYC verification, individuals can easily apply for Aadhaar card online to meet any personal expense quickly.

Purpose Of Availing Loan On Aadhar Card

Aadhaar card loans are unsecured financing options provided by banks and NBFCs. Although borrowers can use the loan to meet any financial obligation, its common use-cases comprise –

  • To meet the relocation expenses in Delhi
  • To fund a child’s higher education
  • To meet urgent medical expenses
  • To finance marriage expenses
  • To consolidate debts
  • To renovate house
  • To buy household appliances
  • To fund travel expenses

Aadhaar Card Loan In Delhi – Eligibility Criteria

Before applying for a personal loan on Aadhaar card, individuals need to fulfil specific eligibility criteria. As personal loans are unsecured, banks and NBFCs strictly ascertain a borrower’s creditworthiness. Though the eligibility criteria differ with each lending institution, the basic factors that are taken into consideration include:

  • Age of the applicant – Younger applicants have a higher chance of qualifying
  • Applicant’s Income level and debt-income ratio – To reckon an applicant’s repayment capacity
  • A credit score of 750 or above
  • Employment history – Lenders determine income stability based on this

Personal Loan On Aadhaar Card – Documentation

As the name might suggest, one can get an Aadhaar card loan by submitting the pertinent document. However, individuals still need to submit income proof besides that.

For a salaried individual, the required documents include,

  • Salary slip of last 3 months
  • Previous 6 months’ bank statements of the
  • Form 16

For a self-employed individual, the necessary documents include,

  • Proof of business existence,
  • Certificate of Incorporation
  • Certificate of registration
  • ITR of previous 2 years and
  • Profit and Loss statement and Balance sheet audited by a CA

Individuals with low CIBIL score and a poor credit history often fail to get approval from lending institutions. Also, since an Aadhaar card loan is not secured, even eligible individuals may need to service it at considerably high interest rates.

In such cases, individuals can consider a gold-backed personal loan on Aadhaar card as an Alternative Option For Its Hassle-Free And Faster Processing Time.

Gold Loan Vs Aadhaar Card Loan In Delhi

As an idle asset, gold can offer financial assistance during urgent and sizeable cash requirements. Moreover, the secured nature of these loan type entails several benefits that individuals can often fail to get with unsecured Aadhaar card loans. The benefits include:

  • Gold loans do not involve extensive documentation due to its secured nature, which quickens the processing time of loans.
  • Gold loans are generally short-term loans, helping borrowers to pay off the debt within 4-6 months. Resultantly, borrowers need not drag the EMIs for 1-5 years, like in the case of traditional personal loans.
  • As gold loans are secured, lenders assume a negligible risk. That is why banks and NBFCs can offer gold loans at a lower cost.

Prospective borrowers must also put considerable thought into which financier to choose when searching for ‘gold-backed Aadhaar card loan providers near me’. The right choice of the lender can offer borrowers a world of benefits. In that context, one may want to check out the features we offer.

Reasons To Avail Financial Services At Rupeek

At Rupeek, borrowers can avail the following benefits –

  • Quick Disbursal

Individuals can get the loan amount transferred to their account within 45-60 minutes to meet any emergency expenses, including medical contingency. That’s because we only verify the KYC documents while providing a gold-backed emergency loan on Aadhaar card. It ensures a faster processing time, which helps borrowers to get access to the loan instantly.

  • Doorstep Service in 30 minutes

With Rupeek, individuals can enjoy doorstep instant gold loan services. This enables borrowers to avoid the risk of taking their valuables outside. One needs to apply online for a gold-backed Aadhaar card loan via our app or website, and a company representative will be at their office or residence within 30 minutes.

  • Interest Rates at 0.49%

Our interest rate for gold-backed Aadhaar card loan starts from 0.49% per month. The lower gold-backed Aadhaar card interest rates let borrowers manage repayment more efficiently. 

  • High-Value Loan

Borrowers can take out a sizeable percentage of their gold’s value as a loan with Rupeek. The loan quantum can go up to Rs. 1.5 crores, allowing borrowers to meet all sorts of expenses easily. One can check the gold loan calculator to assess the loan amount and strategise their expenditure beforehand. 

  • Easy Repayment

Repayment can be a hassle with a traditional Aadhaar card loan due to lack of any flexibility. But, that’s not the case with Rupeek’s gold loan. Borrowers in Delhi can choose to pay EMIs or opt for instalment payments anytime during the tenure.

  • Gold Credit Line

Save on interests considerably with our overdraft facility against gold, Rupeek Quick. Access funds any time from a credit limit sanctioned against your pledged gold items and pay interest only on the used funds.

The proximity of a financial institution plays a crucial factor during a liquidity crisis. To ensure every individual in Delhi gets access to quick personal financing on Aadhaar card, we extend our financial services at all major location in Delhi

Availability Of Rupeek In Delhi

We are now operational at the following locations in Delhi.

  • Maidan Garhi
  • Moti Bagh
  • Tilak Marg
  • Chandni Chowk
  • Connaught Place
  • Jnu ring road
  • Karol Bagh
  • Nehru place
  • Anand Vihar
  • Hauz Khas
  • Sansad Marg
  • Najafgarh
  • Pusa
  • Pragati maidan

Get an Aadhaar card loan in Delhi today and bid farewell to all your financing woes. Click the apply now button now!

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Benefits of Gold Loan over Aadhar Card Loan.
  • <1 lakh
  • 2 lakh
  • 3 lakh
  • 5 lakh
  • 10 lakh
  • 20 lakh
Comparision Parameters Aadhar Card Loan Gold Loan
Interest Rate 2.39% 0.49%
Monthly Interest Amount
Eligibility & Documentation More Documents Needed Only KYC Needed
Processing Time & Disbursement 2 days to 1 week Within a day
Required Gold Weight -
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Frequently asked questions

  1. What payment options are available for an Aadhaar card against gold?

Individuals can use Rupeek website or Android App and pay through internet banking, debit cards, UPI, IMPS or RTGS.

  1. Can I get an Aadhaar card loan of Rs. 1 crore against gold?

Yes, you can. The minimum loan amount is Rs. 15000, and the maximum loan amounts are Rs. 1.5 crores.

  1. How to select the best provider for Aadhaar card loan against gold?

Before applying for a gold-backed personal loan on Aadhaar card in Delhi, you must consider the interest rate, LTV ratio, the security of pledged gold items, repayment schemes available, and additional charges.

  1. What CIBIL score do I need for an Aadhaar card loan?

You should hold a score above 750 if it’s an unsecured Aadhaar card loan. You do not require a CIBIL Score to get the approval of a gold-backed Aadhaar card loan.

  1. Are all gold items accepted for an Aadhaar card loan?

We accept all gold ornaments of purity 18 carats or above. Any other type of gold articles, like bars and coins, are not accepted.

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