Your Guide To E-Aadhar: How To Download And Utilize It For Loan Applications

 The Aadhar card is a vital identification document issued by the Unique Identification Authority of India (UIDAI). It is an all-in-one identification document that acts as proof of identity and proof of address for Indian citizens. The Aadhar card was introduced in 2009 with the primary objective of providing universal identification to every Indian resident. 

With the advent of digitalization, the UIDAI introduced the e-Aadhar card, which is an electronic version of the physical Aadhar card. Here’s a guide on how to download e aadhar for loan applications.

How To Download E-Aadhar

The e-Aadhar card can be downloaded from the UIDAI website. Follow these simple steps to download your e-Aadhar:

Step 1: Visit the UIDAI website at https://uidai.gov.in/.

Step 2: Click on the “Download Aadhar” option under the Aadhar Enrollment section, which is located on the homepage.

Step 3: You will be redirected to a new page, where you will be required to enter your 12-digit Aadhar number or your 28-digit enrolment ID.

Step 4: Next, you will be required to enter your full name, pin code, image captcha code, and your registered mobile number or email ID. The mobile number or email ID should be the one you provided during Aadhar registration.

Step 5: Once you have entered all the details correctly, click the “Get One Time Password” (OTP) button.

Step 6: An OTP will be sent to your registered mobile number or email ID.

Step 7: Enter the OTP in the space provided and click the “Download Aadhar” button.

Step 8: Your e-Aadhar will be downloaded in PDF format. To open the file, you will need to enter your Aadhar card password. The password is a combination of the first four letters of your name in capital letters and your birth year. For instance, if your name is John Smith and your birth year is 1990, your password will be JOHN1990.

Benefits of e-Aadhar for Loan Applications

The e-Aadhar card is a convenient and secure way to prove your identity and address when applying for loans. Here are some benefits of using e-Aadhar for loan applications:

1. Easy to download and share

As explained in the previous section, the e-Aadhar card can be downloaded from the UIDAI website. You can download it from anywhere, at any time, as long as you have an Internet connection. Once downloaded, you can easily share it with lenders and other financial institutions in digital format.

2. Acceptable as a valid identity and address proof

The e-Aadhar card is acceptable as a valid identity and address proof for loan applications. Lenders and other financial institutions consider it as a reliable document as it is issued by the UIDAI, which is a government body.

3. Reduces paperwork

The e-Aadhar card helps reduce paperwork as it eliminates the need for physical copies of the Aadhar card. With e-Aadhar, all you need is a digital copy of the card to apply for loans.

4. Improves loan processing time

The e-Aadhar card improves loan processing time as it eliminates the need for manual verification of identity and address proofs. Lenders can quickly verify your details through the e-Aadhar card, thus enabling faster loan processing.

5. Increased security

The e-Aadhar card enhances security as it is password-protected. The password ensures that only the person who owns the e-Aadhar can open and access the file. Additionally, lenders can verify the e-Aadhar card’s authenticity using the UIDAI website, which further enhances the document’s security.

Utilizing E-Aadhar For Loan Applications

Now that you know how to download e-Aadhar and its benefits, here’s how you can use it to apply for loans:

1. Personal Loans

Personal loans are unsecured loans that can be availed for various purposes, such as personal expenses, travel, medical emergencies, etc. When applying for a personal loan, lenders require proof of identity and address. You can use your e-Aadhar card as proof instead of submitting physical copies.

2. Home Loans

Home loans are secured loans availed for purchasing a house or apartment. When applying for a home loan, lenders require proof of identity, address, and income. You can use your e-Aadhar card as proof of identity and address. Additionally, you will need to submit your salary slip or income tax returns as proof of income.

3. Car Loans

Car loans are secured loans availed for buying a car or any other vehicle. When applying for a car loan, lenders require proof of identity, address, and income. You can use your e-Aadhar card as proof of identity and address. Additionally, you will need to submit your salary slip or income tax returns as proof of income.

4. Education Loans

Education loans are unsecured loans availed for pursuing higher education. When applying for an education loan, lenders require proof of identity, address, and admission to a recognized institution. You can use your e-Aadhar card as proof of identity and address. Additionally, you will need to submit your admission letter as proof of admission.

Conclusion

The e-Aadhar card is a convenient and secure way to prove your identity and address when applying for loans. It helps reduce paperwork, improves loan processing time, and enhances security. Moreover, it is acceptable as a valid identity and address proof for loan applications. Follow the steps outlined above to download your e-Aadhar and take advantage of its benefits when applying for loans.