How Do You Seamlessly Apply for an Online Student Loan Just with an Aadhaar Card?

Are you planning for higher studies? How are you going to arrange the course fees? You will apply for a student loan, of course. After all, it is an obvious option for most students. However, traditional banks have long application and approval procedures, and you want a quick solution.

We have good news for you. You can smoothly claim your student loan using your Aadhaar card. Here is a detailed process. Have a look before applying for a student loan online with your Aadhaar card.

Why is Aadhaar a Smart Option?

Aadhaar is a document widely accepted by all banks and financial institutions in India. It is used for KYC and address verification. Therefore, it is a mandatory document in many organizations.

Since your Aadhaar is digital, lenders can instantly confirm your identity using UIDAI’s e-KYC. This eliminates the need for physical copies and visits to the banks.

What Are The Eligibility Criteria for The Application?

Although the eligibility check might differ from lender to lender, the most common parameters are:

• Being an Indian citizen between 16 and 35 for undergrad/postgrad courses.

• Your 10th/12th and graduation records (if applicable).

• Proof of admission, typically including the university offer letter, the fee schedule, or the entrance exam certificate.

• Co-applicant details and KYC documents.

Now, Prepare Documents for digital upload.

Digitally upload these documents to apply for a student loan now.

• Aadhaar (front/back) and PAN card (if necessary).

• Admission letter or fee schedule

• Passport-style photo

• Bank statements

Banks and financial institutions encourage applicants to upload all necessary documents digitally to speed up the process.

Know Thy Online Application Process

Although the application process is different for each lender portal, this is the typical flow:

1. Visit the lender’s education loan page and select the “Apply Online” tab. 

2. Enter your basic details.

3. Complete Aadhaar verification or e-KYC

4. Upload the documents required by the lender

5. Now, click apply.

There you go! The process is simple. Just wait for the sanction. Some banks even enable QR code scanning of your Aadhaar card to minimize the manual input effort.

Once your application gets approved, you will receive a sanction letter digitally. The funds are disbursed when your fee is due.

What are the benefits of a student loan application with Aadhaar?

• The application process is not just fast but secure. Moreover, e-KYC via UIDAI makes it more convenient.

• Forget tons of paperwork. Just upload PDFs and scanned copies digitally.

• Complete the application from anywhere using your mobile or desktop.

• Reduce data entry errors through pre-scan features.

Common Checks Before Applying

• Make sure your Aadhaar card data matches your current status. Check the address carefully to avoid mismatches.

• Upload clear scans. Blurred PDFs can lead to unsuccessful verification.

• Mention updated co-application details like PAN cards or income statements.

• Apply for your student loan well before the due dates.

Conclusion

So, your student loan is approved? Now, study hard and fulfill all your and your family’s dreams. What say?