Financial emergencies can arise at any time. In such times, a Rs 5000 loan on Aadhar card can come in handy. An Aadhaar card loan is an unsecured loan that caters to various financial needs and is generally accessible to Indian citizens aged between 21 and 60 years.
When in need of financial help, you can easily get a Rs 5000 loan on Aadhar card. Your Aadhaar Card is the sole document required, serving as proof of identity, birth, and address.
By utilizing Aadhaar information, borrowers can complete the e-KYC online. This helps save valuable time without the hassle of physical document submission.
Convenient Process
100% Digital and No Paperwork
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Lightning Fast
Disbursal Within 2 Hours
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Table of Contents
Documents Required for Instant 5000 Loan on Aadhaar Card
Like applying for any other loan, an Aadhaar-based emergency loan of 5000 rupees also requires a few documents. The documents required for a loan against your Aadhaar card are:| Proof of Identity (Any 1) | Proof of Address (Any 1) | Proof of Income |
| Aadhaar Card | Aadhaar Card |
Bank Statements (last three months) in PDF format, showing salary deposits in your account. |
| PAN Card (Crucial for identification) | Valid Driver’s License | |
| Valid Driver’s License | Valid Indian Passport | |
| Valid Indian Passport | Electricity, Gas, or Water Bill (Must be recent, within the last 60 days) | |
| Valid Voter ID | Valid Voter ID |
Eligibility for Instant 5000 Aadhar Card Loan
To be eligible for an Aadhaar loan, you need to meet the following criteria:
- Nationality: You need to be an Indian citizen to apply for such an instant 5000 loan.
- Age: Your age should be between 21 to 55 years.
- Employment Type: You should be a salaried employee or be self-employed with at least one year of business activity.
- Minimum Salary Requirement: A monthly income of at least Rs 12,000 is required for availing of a 5000 loan.
- Credit Score: Your credit score should be at least more than 600.
Interest Rates on Instant 5000 Aadhaar Loans
Now let us look at the interest rates applicable on an Aadhaar-based 5000 rupees loan.
The interest rates will depend on the following factors:
- The lender you are availing the loan from
- Your creditworthiness or credit score
- The tenure of repayment
Benefits of Availing Rs 5000 Loan on Aadhar Card
An 5000 emergency loan helps in providing quick funds required in case of urgencies. Here are the benefits of an instant 5000 loan:
- Quick Eligibility Check: By providing all the necessary details, you can quickly determine whether you are eligible for the loan.
- Collateral-Free Loan: Such loans are relevant when you need a Rs 5000 loan urgently. You can apply for it without providing any collateral or guarantors. Hence, they are helpful in case of sudden emergencies.
- Affordable Interest Rates: The interest rates on loans taken from small loan apps are lower than those of informal lenders.
- Paperless: These loans streamline the borrowing process. You do not need to visit a bank. You can simply apply for it online using many easy loan apps. So, no paperwork is required.
- Easy Repayment: These loans can be easily paid back in a term of one to five years.
- Disbursal in 2 hours: If you need a Rs 5000 loan urgently, you should apply for a Rs 5000 loan on Aadhaar card. You can get approval in as little as 2 hours.
- Low Credit Score: If you are looking for an instant loan without cibil then you should apply for an instant Aadhaar card-based loan as some institutions provide this loan with a credit score as low as 600.
Steps to Apply for Instant 5000 Loan on Aadhaar Card
1. Check Eligibility
Visit the InstaMoney website or download the app, enter all the necessary details, and you will receive your eligibility status within 2 minutes.
2. Choose Loan Duration
Select 5000 loan amount and repayment period from the available options.
3. Upload Documents
Upload all the required documents online for verification.
4. Loan Amount Disbursed
Once your documents are verified and the loan agreement is submitted, the approved amount will be transferred to your bank account within 2 hours.
EMI Calculator for Instant 5000 Loan on Aadhaar Card
You can use Instamoney EMI calculator to assess your monthly EMI for Aadhaar card loans online quickly. All you need to do is enter your desired loan amount, the applicable interest rate, and the repayment tenure.
An EMI calculator will also show you the breakdown of the principal amount component in the EMI and the interest component in the EMI of your Rs 5000 loan on Aadhar card.
5000 Loan on Pan Card
Similar to Aadhaar card loans, InstaMoney also offers 5000 loan on PAN card. These are equally convenient and can be easily availed using various online loan app and platforms.
A PAN card is the most important document when applying for a personal loan. This is because your credit information, such as your CIBIL report, can be accessed using your PAN card.
The amount of loan that can be availed using a PAN card depends on your age, your credit score, income level, etc.
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FAQ - Frequently Asked Questions
1. Is it possible to get a loan of 5000 with a low credit score?
Yes, many platforms offer instant 5000 loan to individuals with low credit scores. This ensures that finance is accessible to all in emergencies.
2. I need 5000 rupees loan urgently?
With instant and easy loan app, a 5000 loan can be disbursed within minutes of application approval.
3. Are there any hidden charges in the Rs 5000 loan on the Aadhar card?
It is important to read the terms and conditions of your loan document. Reputable apps and platforms will disclose all fees upfront.
4. I Want 5000 Rupees Loan for Students
Absolutely. Many platforms offer personal loans for students. By providing Aadhaar loans, they ensure that students’ education is not affected by a lack of funds.
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