Personal Loan Without PAN Card. Is it possible?

Have you been looking for an app for loans without a PAN card or an instant loan without PAN card? You have good news, for that matter. These are lenders that prioritise customer service and offer reasonable instant loans without requiring a PAN card. Continue reading to discover how you can secure a personal loan without a PAN card.

Personal Loan without PAN Card

While a PAN card is typically your primary identity proof, lenders allow you to obtain a personal loan without it. Instead, you can choose from a variety of other identity-proof documents. If you don’t have a PAN card, you can use any of the following documents:

Valid Indian Passport
Aadhaar Card
Valid Driver’s License
Valid Voter ID

These documents serve as acceptable alternatives for KYC verification. Read on to learn about the application process, eligibility criteria, and additional documents required.

What are the Criteria for an Online Loan Without a PAN Card?

If you’re looking to apply for a personal loan without a PAN card, here are the criteria for eligibility you need to meet:

Age: You must be between 18 and 57 years old.
Income for Salaried Applicants: Minimum in-hand income should be Rs.13,500.
Income for Self-Employed Applicants: Minimum in-hand income should be Rs.15,000.
Income Credited to Bank Account: Your earnings need to be credited directly to your bank account.
Credit Score: You should have a minimum CIBIL score or a minimum Experian score of 650.

Documents Required for Online Loan Without PAN Card

To apply for a personal loan without a PAN card, you will need the following documents:

Mobile Number Linked to Aadhaar Card: Ensure that your mobile number is linked to your Aadhaar card for KYC verification.
Selfie: Provide a clear selfie taken in a well-lit area.

Additional documentation requirements may vary based on your profile. Proof of address, bank statements, and other supporting documents may be required.

If proof of address is needed, any one of the following documents will suffice:

Aadhaar Card
Valid Driver’s License
Valid Voter ID
Valid Indian Passport
Utility Bills (Electricity, Water, Gas) dated within the last 60 days

If proof of income is required, you must furnish your bank statement for the last three months, showing your salary credits.

How to Apply for an Online Loan without a PAN Card

Here’s a step-by-step guide on how to apply for a personal loan without a PAN card:

Check Eligibility: Provide the required details to determine your eligibility in just 2 minutes using a personal loan eligibility calculator.
Select Loan Tenure: Based on the options provided, choose the loan amount and repayment term that suits you. Use a personal loan EMI calculator to understand your monthly payments.
Upload Documents: Upload all the necessary documents for verification.
Amount Disbursed: After the loan agreement is verified and submitted, the loan amount is usually credited to your account within 24 hours.

Benefits of Choosing an Instant Personal Loan Without PAN Card

Here are some benefits of opting for an instant personal loan without a PAN card:

Zero Collateral: You don’t need to provide any security to get the loan approved.
Paperless & Hassle-Free: The entire process is digital, eliminating the need for extensive paperwork.
Instant Disbursal: The loan amount is quickly credited to your account without any restrictions on usage.
Flexible Amounts & Tenures: Choose the loan amount and repayment tenure that best fits your financial situation.
Quicker Processing: Compared to regular personal loans, these loans are processed much faster.

Find the right personal loan for you—click here for more details!

Wrapping Up

Securing a personal loan without a PAN card is not only possible but also straightforward with the right approach. By providing alternative identity proof documents and meeting the eligibility criteria, you can quickly and easily obtain the funds you need.

Use tools like the personal loan eligibility calculator and personal loan EMI calculator to ensure you understand your eligibility and repayment terms. Enjoy a hassle-free, paperless application process and instant disbursal of funds.

Don’t let the lack of a PAN card hold you back from meeting your financial needs. Apply for a personal loan and experience a seamless, customer-centric loan process.