Aadhar Card Loan in Jaipur

Aadhar Card Loan in Jaipur

Renowned as the “Pink City”, Jaipur is the capital of Rajasthan. The city is famous around the world for its grand palaces and other architectural marvels. It has successfully maintained and preserved hundreds of historical sites and is one of UNESCO’s World Heritage Sites. Among these the Jal Mahal, Hawa Mahal, Jantar Mantar stand out for their opulence and magnificence.

Besides tourism, its jewellery and textile industries also contribute majorly to the city’s economy. Living in a booming economy like Jaipur entails scaling expenses continually. While savings can come to the rescue at times, savvy consumers often turn to finance options like an Aadhaar card loan in Jaipur to cover their expenses.

A Brief About Aadhaar Card Loan

These are generally unsecured loans that one can avail from financial institutions like NBFCs, banks, online-only institutions, etc. An Aadhaar card loan can also be availed against collateral, like a gold.

It sports nearly all the features offered by a personal loan. The only significant distinction is that you can avail this financing facility by providing the Aadhaar card as your KYC document. No other kind of ID proof is required to be eligible for this kind of loan.

Ways To Use An Aadhaar Card Loan In Jaipur

It has zero end-use restriction. So, one can use it to address several types of expenses. A few common uses of a personal loan using Aadhaar card are:

  • For financing marriage expenses
  • One can use it for relocation costs in Jaipur
  • Paying for home renovation
  • Purchasing household appliances
  • Higher education purposes
  • Travelling expenses
  • Paying urgent medical bills

Before one can apply for an Aadhaar card pe loan, they need to satisfy the eligibility criteria. If it’s an unsecured loan, the parameters are more stringent.

Eligibility For Unsecured Loan On Aadhaar Card

Though some criteria may vary from one institution to others, the following are checked by every lending authority.

  • Address proof.
  • Type of employment, i.e., whether they are a salaried person or self-employed.
  • Their CIBIL score should be at least 750.
  • Borrower’s age.
  • Their capacity of repayment.
  • Their employment history.
  • Level of income.

One also needs to provide a number of documents regarding the Aadhaar card loan in Jaipur eligibility criteria.

Documents Required For An Aadhaar Card Loan

  1. For Self-Employed Individuals

While an Aadhaar card acts as one’s address and identity proof, a self-employed individual still needs to provide:

  • Business proof such as Certificate of Incorporation, Proof of Business existence, etc.
  • Income proof, like audited Profit and Loss statement or previous 2 years’ ITR
  1. For Salaried Individuals

A salaried individual needs to submit the following documents:

  • Company ID card
  • Past 3 months’ salary slips or latest bank statements

Though seemingly straightforward, few individuals can struggle to collect all the required paperwork, especially when they urgently need funds. An unsecured Aadhaar card loan in Jaipur is not ideal in such situations, mainly when constraints like CIBIL score and low income are a huge deciding factor.

What one can do instead when looking for an “Aadhaar card loan provider near me” is select secured financing options like a gold loan. It offers nearly all the benefits of a conventional Aadhaar card loan but sans these constraints.

Benefits Of A Gold Loan

While it is almost impossible to find a collateral-free loan on Aadhaar card without salary proof, no lender will ask for one while providing a gold loan.

A gold-backed Aadhaar card loan is provided against less stringent eligibility criteria, and unlike the former loan, one can actually avail them by just using their KYC documents. Moreover, their secured status also means that a significantly less rate of interest is levied, making them less of a burden.

These too, do not have end-use restrictions, and one can use them for multiple different expenses. These benefits can be further improved if you apply for our gold-backed loan product.

Merits Of A Gold Loan Offered By Rupeek

Individuals can enjoy the following benefits with Rupeek –

  • 79% Rate of Interest

We charge interest rates as low as 0.49% per month. This way, we can ensure that our credit facility is not a burden for our customers while repaying it.

  • Short Repayment Tenure

Our mini loan online can save the day for individuals looking to avoid long-term financial commitment. With a tenure of 6 months, borrowers can do away with repayment quickly and save sizeably on interest payment.

  • Flexible Repayment Methods

We offer two repayment schemes for our customers to select from. They can either pay the amount in monthly instalments or pay through interest pre-payment, single bullet payment, etc.

  • Broad Range Of Loan Amount

Unlike a traditional Aadhaar card loan in Jaipur, one does not have to take a considerable amount of loan if they only require a few thousand rupees. Our range starts from Rs. 15,000 and goes up to Rs. 1.5 crores so that every type of financial need is fulfilled.

  • Overdraft Facility

Our customers can get an extended credit line if they avail our overdraft facility called Rupeek Quick. They can withdraw small chunks of funds from a pre-set limit as per requirement and pay interest only on the amount they have used.

  • Doorstep Loan

With our doorstep loan service, an applicant does not need to step out of their home to secure funds. Our representative will visit your house and conduct the entire application procedure there. They will only leave after the loan has been approved and its amount is credited in your account.

  • Fast Approval

Due to less documentation our loans hardly take 60 minutes to get approved. Thus, if one is looking for immediate loans, our credit product is ideal for them.

These benefits, combined with our vast reach across Jaipur, make our gold loan accessible and advantageous for our customers.

Our Locations In Jaipur

If you are looking for our operations in Jaipur, we have our representatives working in the following areas.

  • Vaishali Nagar
  • Vidhyadhar Nagar
  • Ashok Nagar
  • Talvandi
  • Shobha Nagar
  • Amer
  • Gandhi Nagar
  • Jagatpura
  • Jhotwara
  • Bani Park
  • Shastri Nagar
  • Bhankrota
  • Mansarovar
  • Malviya Nagar
  • Durgapura

Our gold-backed Aadhaar card loan in Jaipur is not only a more economical option but also more easily accessible as we do not check CIBIL score or ask for income proof. Also, providing collateral does not entail any additional documentation in this regard.

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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. Is my pledged gold for an Aadhaar card loan safe with Rupeek?

After you pledge your gold to us, it is our responsibility to keep it safe and return it after the loan tenure is over. We keep the gold in one of our partnered bank’s military-grade vault, ensuring utmost safety. This bank’s location is also selected within 5km from your address so that your gold always remains within your vicinity.

  1. Can I avail an Aadhaar card loan if I have a 700 CIBIL score?

Your CIBIL score does not weigh in if you are applying for a secured Aadhaar card loan. Only a handful of institutions offer a collateral-free loan to applicants with a score 700. Interest rates charged may be high in that case as well.

  1. How much can I get from an instant cash loan on Aadhaar?

The loan amount varies from one lender to another and highly depends upon your credit score. In some instances, your monthly income is also taken under consideration before sanctioning your loan amount.

  1. Can I use Rupeek gold-backed Aadhaar card loan to finance my child’s education?

As we have not set any end-use restriction, you can spend the amount as you want. You can pay tuition fees, buy equipment for your business or utilise it for any other purpose. 

  1. Does Rupeek accept all types of gold items?

No, we only accept gold jewellery as pledged items at present.

  1. Do I need a gold insurance policy to get an Aadhaar card loan from Rupeek?

We provide complimentary gold insurance policy, which remains effective during the tenure. Thus, you do not need to worry about any loss arising out of theft or damage of the pledged gold items while it is under our custody.

  1. Can I apply for an Aadhaar card loan online?

There are numerous online portals, and even traditional banks have separate online portals for facilitating online application. However, as there are multiple documents required for this loan, an online application might become problematic.

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