Yes, depending on the lender, you can get a personal loan through video KYC (Know Your Customer). Many banks and NBFC companies now offer this as part of a fully digital loan process. You can take out up to 5 lakh instant personal loans for a Rs. 12,000 salary.
What is Video KYC?
Video KYC (Know Your Customer) is a real-time, face-to-face identity verification process done over a video call. It replaces the need for in-person document submission or physical verification. A bank representative verifies your ID, address proof, and sometimes your live location through video KYC.
Advantages of Video KYC Personal Loan
Application Process Fast: Borrow an instant personal loan through online video verification. The process is fast and hassle-free. The lender disburses the loan within 48 hours.
Only Soft Copy Required: You can apply for an online personal loan with soft copy documents. No physical documents are required for the loan process, and the entire journey is completed within a minimal duration.
No Bank Visit: You can get a personal loan of up to 5 lakh without going to a branch. Complete your application process from your smartphone.
Affordable Interest Rate: Experience a lower rate of video KYC personal loan. Get a cheap & affordable interest rate at 1.36% per month.
Eligibility for Video KYC Personal Loan
- An employee’s job must be 1 year old.
- Applicants must be of 21 and maximum age of 55 years.
- No defaulter on any EMI within 6 months.
- Credit Score -1 or 700+ required.
- Applicant’s minimum salary of Rs. 12,000 credited to a bank account.
Document Submission
You upload soft copies of:
- PAN card
- Aadhaar card (with mobile number linked)
- Salary slips (usually last 3 months)
- Passport-size photo
- 12-month salary account bank statement.
How It Works for Video KYC Personal Loan
- Apply Online – Start the application on the lender’s website from the link above.
- Submit Basic Details – Name, PAN, Aadhaar, income proof, etc.
- Schedule Video KYC – You’ll be asked to show your face and ID during the call.
- Get Verified – The agent confirms your identity and completes the KYC.
- Loan Approval & Disbursal – If everything checks out, the loan is approved and the money is transferred, often within hours.
Also Read: Get a 1 Lakh Loan Instantly
What Do You Need for Video KYC?
- Smartphone with a camera facility
- A stable internet connection
- Aadhaar linked to your mobile number (for OTP verification)
- PAN card
- Good lighting and a quiet space for the video call
FAQs
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How much salary is enough for a video KYC personal loan?
Your minimum monthly salary of Rs. 12.000 is enough for a video KYC personal loan.
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How much loan can I get through a video KYC loan?
If you have a Rs. 12,000 to Rs. 14,000 net salary, you can get up to Rs. 5 lakh loan. But, you have more than Rs. 20,000 net salary, so you can apply for the loan from multiple lenders.
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Can I apply for a video KYC personal loan at a 700 credit score?
Yes, you can apply. But you have not defaulted on any EMI within 1 year.