5 Minute Me Aadhar Loan guide Check the status of your aadhar card online. Aadhar Loan in 5 Min Guide Personal Loans with low Interest Rate from other Bank Loans.
In Get Loan on Aadhar Card Guide App Products Info:
- Loan amount from ₹,1000 to ₹5,00,000 Depend of documents
- Loan Terms & condition for online aadhar loan:
- Minimum loan tenure - 61 days (shortest, including renewal time)
- Maximum loan tenure -6 years (longest, including renewal time)
- Repayment periods from 3 Month to 24 Month
- APR from 3.5% to 12% per annum
- Processing fees range from 2.5% to 5% (GST 18% applies)
- You may be charged up to 0.1 % daily late fees for late payments ( capped to 18% of principal amount overdue.)
- No other hidden fees applicable to your loans!
Interest calculation
If your loan amount is ₹ 20,000, APR is 20%, service fee is 10% and the term is 91 days. on the due date, the amount payable is ₹ 22,997.6 (20,000 20% / 365 91 + 20,000 + 20,000*10%).
Example
- Credit ₹1,000 at an APR of 12% (per annum) with a tenure of 61 days
- Interest of loan = ₹1,000 x 12 %/ 365 x 60 = ₹20
- Processing fee of loan = ₹1,000 x 3% = ₹125 (Also on which GST apply of ₹27)
- Total cost of the loan = ₹225
- Total loan amount disbursed will be credit is ₹4,848 (₹5,000 - ₹152)
- Total loan amount to repay will be ₹1,020 (₹1,000 + ₹20)
- Monthly repayments of ₹510
Eligibility
1. Indian resident
2. Above the age of 21 years
3. Should have monthly source of income
Disclaimer : This is not the official application for any government/UIDAI scheme nor associated with any Govt. body.
Please do not treat this as official application and do not leave your contact / information such as Aadhar Number or Mobile No. in the comment below.
It is not possible for us to reply to each comment/query; neither can we address the complaints regarding any scheme.
We request all our visitors to visit the official website of the concerned department / authority for any complaint, query about the scheme / information.