The need for a loan can arise suddenly at any time. These days, if you have a good credit score and documents like a PAN card and Aadhaar card, you can easily apply online and get a loan instantly. It doesn’t take much time, as the entire service has been made online. However, there are some citizens who don’t have a PAN card.
In such cases, how can they obtain a loan without a PAN card? If you want to know about this, read this article completely. By reading this article, you’ll learn who can get a loan without a PAN card, what documents you need for it, and how you can apply for a loan without a PAN card.
Personal Loan Without PAN Card 2024
Without a PAN card, you can’t get a very large loan. Generally, you can get a loan ranging from ₹5,000 to ₹50,000 without a PAN card. But typically, for loans above 50,000, you need a PAN card. So if you need a small loan, you can apply and get it without a PAN card. Any citizen of India can get a loan without a PAN card.
If you lose your PAN card or haven’t gotten one made, we’ll give you information on how you can still get a loan in that situation. You can take advantage of getting a loan without a PAN card by applying online from the comfort of your home, without going to the bank.
Why Personal Loan Without PAN Card is Important
Sometimes in our daily lives, we suddenly need a larger amount of money. In such cases, borrowing from friends and relatives is not always appropriate. In this situation, you can solve this problem by taking an instant loan. That’s why people who don’t have a PAN card can apply for a loan. You don’t even need to go to the bank for this. By taking a loan this way, you can cover expenses for shopping, weddings, business, or paying school or college fees.
Eligibility for Personal Loan Without PAN Card
- Any citizen residing in India can get a loan without a PAN card in this way.
- The minimum age to get a loan without a PAN card must be 18 years.
- The maximum age cannot be more than 60 years.
- If you want to apply for a loan, you must have a salaried job.
- Your monthly salary must be a minimum of 15,000.
- Along with this, when your CIBIL score is checked, it must be more than 750, otherwise you won’t get a loan.
Documents Required for Loan Without PAN Card
- Aadhaar card
- Voter card
- Electricity bill
- Certificate
- 3 months bank statement
- Bank account details
- Passport size photo
- Mobile number
- Email ID
How to Apply Online for Personal Loan Without PAN Card
If you want to get a loan without a PAN card, you’ll have to follow the step-by-step process we’re explaining below.
- Visit the official website of the NBFC company or bank from which you want to apply for a loan without a PAN card.
- You can also apply through the mobile application if you prefer.
- After coming to the home page, you’ll need to go to the personal loan section.
- Here you need to select a loan amount of ₹50,000 or less.
- When you’re asked to verify KYC documents, you need to enter your Aadhaar card number.
- An OTP will come to the mobile number linked to your Aadhaar card, which you need to enter.
- After the verification of your application form is complete, the loan amount will be credited to your bank account.
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