In the digital era, we have witnessed a significant shift in the way we store and manage data. From keeping physical documents in a locker to storing soft copies online, we have come a long way. With the emergence of technology, several platforms have been introduced to store and manage documents online. One such platform that has gained a lot of popularity in recent years is Digilocker.
Digilocker Meaning
Digilocker is a digital platform introduced by the Government of India to make several types of documents available online. The documents could be anything ranging from educational certificates, driving license, voter ID, and even Aadhaar card. It is a secure cloud-based platform where you can store, share, and access your documents from anywhere and anytime. The purpose of introducing the Digilocker platform was to minimize the use of physical documents and reduce the cost of paper storage. Digilocker meaning refers to this digital repository that enables individuals to store and manage their important documents securely online, thereby facilitating easier access and reducing reliance on physical paperwork.
Digilocker is an effort to make India a digitally empowered nation and reduce the need to carry and store physical documents. It also ensures That the documents are safe and secure. A user can access their documents with the help of their registered mobile number and Aadhaar Card number.
Documents Required for Personal Loan
When it comes to loans, different types of documents are required for different types of loans. For instance, when applying for a personal loan, several documents are required to ensure that the money lent is safe and secure. The documents required for personal loan include proof of identity, address, income, employment, and credit history:
1. Identity proof – A copy of Aadhaar Card or PAN Card for identification purposes.
2. Address proof – A copy of Voter ID, Ration Card, or Aadhaar Card.
3. Income proof – Salary slips or IT returns for the last two to three years.
4. Bank statement – Bank statements for the last six months.
5. Employment proof – Employment verification letter or appointment letter.
6. Guarantor details – In case of a guarantor, their identification and address proof.
While these are the basic documents required for a personal loan, the requirement may change depending on various factors such as the loan amount, applicant’s age, job type, etc.
How Does Digilocker Help In Secondary Document Storage?
Digilocker is a secure and safe platform where personal documents can be stored digitally. However, Digilocker does more than just store documents digitally. It plays a vital role in secondary document storage.
In the process of availing a personal loan, documents are required to ensure the credibility of the applicant. These documents’ validity is crucial for lenders to determine the loan’s approval and interest rate. However, physical documents are often prone to damage, theft, or loss. Re-issuing these documents is a hassle and a time-consuming process.
Here is where Digilocker comes in handy. With Digilocker, you can store all your important documents in one place, digitally, and access them from anywhere and anytime. Moreover, the documents stored on the Digilocker platform are safe and secure and can be validated to check their authenticity.
Apart from personal loans, Digilocker is beneficial in other scenarios as well. For instance, in case of a lost driving license or a misplaced Aadhaar card, one can access these documents digitally from their Digilocker account. This saves time and effort that would go into re-issuing these documents.
Moreover, Digilocker supports several languages, making it accessible for people from different regions of India.
How To Create A Digilocker Account?
Creating a Digilocker account is a simple process. Here’s how you can create a Digilocker account:
Step 1 – Visit the Digilocker website (https://digilocker.gov.in/) and click on ‘Sign Up’ to create a new account.
Step 2 – Enter your registered mobile number and click on the ‘Verify’ button.
Step 3 – You will receive an OTP on your registered mobile number; enter the OTP to proceed.
Step 4 – Create a username and password for your Digilocker account.
Step 5 – Enter your Aadhaar number, and the system will automatically fetch your details.
Step 6 – Your Digilocker account is now created, and you can start uploading documents.
Conclusion
Digilocker is an efficient platform that makes document management and storage easy, secure, and fast. The platform reduces the use of physical documents and encourages a paperless environment. It has several advantages, including easy accessibility, safety, and secure storage. Moreover, Digilocker also eliminates the need for carrying physical documents, making it a convenient choice for users.
Therefore, when it comes to personal loans, storing documents on the Digilocker platform can make the entire process hassle-free. It reduces the chances of document loss or damage and allows easy accessibility of the documents. In summary, Digilocker is a promising platform that has revolutionized the way we store and manage documents.
