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Personal Loan

Can I Get a Personal Loan on Aadhaar Card?

Key Takeaways

Aadhaar enables quick digital KYC for personal loans but is not sufficient for approval on its own.
Lenders assess your income, credit score, and repayment capacity before approving a personal loan.
A fully digital loan journey combines Aadhaar e-KYC, PAN verification, and bank validation for faster disbursal.
FIRSTmoney offers a 100% digital, no-paperwork personal loan with disbursal in as little as 10 minutes.

21 May 2026 by IDFC FIRST Bank

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Personal loans are unsecured, meaning that you don’t need any collateral to apply for this type of loan. However, you do need to undergo a verification process, which includes KYC. Many people assume that an Aadhaar card alone is enough to get a personal loan, but that’s not the case.

Aadhaar is primarily used for identity verification and does not, on its own, guarantee loan approval. Lenders also evaluate factors such as your income, credit score, repayment capacity, and overall credit profile before approving a loan.

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How does the Aadhaar-based personal loan process actually work?

Getting a personal loan through a digital process involves multiple verification steps, not just Aadhaar alone. Here’s how the process typically works from application to disbursal:

1. Aadhaar-based identity verification

The process starts with your Aadhaar, which helps the lender verify your identity through OTP-based authentication. It reduces physical paperwork and speeds up the onboarding process.

2. e-KYC completion

Once Aadhaar authentication is complete, the lender performs e-KYC to verify your personal details, such as your name, date of birth, and address.

3. PAN verification and credit assessment

Your PAN details are then used to check your credit history, repayment behaviour, and existing financial obligations. This step helps the lender assess your creditworthiness and determine your eligibility.

4. Eligibility evaluation

The lender reviews multiple factors, including your credit score, income patterns, existing EMIs, employment profile, and banking behaviour. Based on this assessment, the approved loan amount and repayment terms are decided.

5. Bank verification and disbursal

After successful verification, you complete bank account validation and video KYC by showing your physical PAN card. Once approved, the loan amount is disbursed directly to your bank account.

Aadhaar serves as an enabler of a faster digital processes rather than the sole basis for loan approval.

What else do you need apart from Aadhaar to apply for a personal loan?

While Aadhaar helps simplify identity verification, lenders still evaluate other important details before approving a personal loan:

PAN card for credit checks, KYC completion, and loan processing
An active bank account, which is required for loan disbursal, repayment setup, and financial verification
Credit profile and CIBIL score for determining eligibility, approved amount, and loan terms
Mobile number linked with Aadhaar to complete OTP-based authentication smoothly

How can you stay safe from Aadhaar loan scams?

Because ‘instant loan on Aadhaar’ is a commonly searched term, fraudsters sometimes misuse it to target borrowers with fake offers and misleading promises. Staying cautious can help protect your financial and personal information.

Here are some important precautions to keep in mind:

Never share OTPs, banking passwords, or PINs with anyone claiming to offer instant loans
Avoid clicking unknown links received through SMS, WhatsApp, or social media
Apply only through official banking websites or verified mobile applications
Be careful of lenders promising guaranteed approval without any eligibility checks
Verify customer care numbers and websites before uploading documents
Check whether the lender follows secure KYC and regulated verification practices

What is a FIRSTmoney personal loan, and who can apply for it?

FIRSTmoney is smart personal loan by IDFC FIRST Bank that can be used for meeting various personal financial requirements. It is designed as a digital-first loan, with Aadhaar simplifying the application journey through e-KYC and identity verification.

The process combines Aadhaar-enabled e-KYC, PAN-based verification, and digital onboarding to reduce paperwork and speed up approvals for eligible applicants.

The loan approval, however, is not based solely on Aadhaar. You should be a salaried or self-employed individual with a CIBIL score of 710+ for salaried and 760+ for self-employed, aged 21 to 60. The approved loan offer is based on your credit profile and CIBIL score.

How to apply for a FIRSTmoney smart personal loan online?

Applying for the FIRSTmoney smart loan is simple and takes just 5 steps as follows:

Step 1: Click on ‘Apply Now’.
Step 2: Register using your basic details.
Step 3: Choose your loan preferences including amount and EMI plan.
Step 4: Link your bank account where you want to receive the funds.
Step 5: Complete the video KYC by showing your original PAN card.

Why choose a FIRSTmoney smart personal loan?

Here are some of the key benefits that make FIRSTmoney smart loans a convenient borrowing option:

1. ZERO foreclosure charges

FIRSTmoney personal loan has a zero-foreclosure charge policy, which means you can foreclose the loan before your repayment period ends without incurring any charges. You can end your financial liabilities at any time by paying off the outstanding balance.

2. Easy on-demand loans

FIRSTmoney gives you the flexibility to opt for additional loans from your approval loan offer with just a few taps on the screen to meet your extra funding requirements.

3. One-time setup of the loan with no maintenance charges

With FIRSTmoney by IDFC FIRST Bank you are given a loan offer based on your creditworthiness. Interest is applicable only on the amount you withdraw and there are no maintenance charges on the offer.

4. Instant approval and swift disbursal

The fully digital application process makes it convenient to apply for a FIRSTmoney smart loan. The approval and disbursal processes are quick and convenient, and you can get funds in as little as 10 minutes.

Choose a personal loan wisely

While Personal Loans are a preferred way to meet urgent funding needs, paperwork is not something you want to be stuck with. A FIRSTmoney smart Personal Loan not only offers better loan terms but is also much easier to apply for with no paperwork and no document uploads.

You can easily get an instant cash loan with FIRSTmoney by applying with your PAN and Aadhaar numbers and by showing your physical PAN card during video KYC.

Frequently Asked Questions

Will I need any documents other than Aadhaar for a personal loan?

For the FIRSTmoney personal loan, you just need your PAN and Aadhaar numbers for the application, and your physical PAN card for the video KYC.

How fast is Aadhaar-based personal loan approval?

You can get the FIRSTmoney personal loan disbursed in as little as 10 minutes. In general, the speed of personal loan approval depends on the accuracy of your documents and the verification process.

Is the Aadhaar personal loan application fully digital?

Yes, many lenders offer a fully digital application process. You start in the app or on the website, enter basic details, and give consent for the checks. Complete video KYC by showing your PAN card, verify the bank account, register eNACH, and eSign the agreement.

With FIRSTmoney, you can apply for a personal loan in a 100% digital manner using your Aadhaar and PAN numbers and show your physical PAN card for video KYC.

What is the maximum personal loan I can get on Aadhaar?

The maximum personal loan amount depends on your eligibility, income stability, existing EMIs, credit score, employer profile, and the lender’s policy. With FIRSTmoney, you can get a personal loan amount up to ₹15 lakhs.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirst.bank.in for latest updates.