{"id":47652,"date":"2025-01-24T12:24:38","date_gmt":"2025-01-24T06:54:38","guid":{"rendered":"https:\/\/www.tatacapital.com\/blog\/?p=47652"},"modified":"2025-07-09T12:57:18","modified_gmt":"2025-07-09T07:27:18","slug":"how-to-get-personal-loan-using-pan-card","status":"publish","type":"post","link":"https:\/\/www.tatacapital.com\/blog\/personal-use-loan\/how-to-get-personal-loan-using-pan-card\/","title":{"rendered":"How to Get a Personal Loan on PAN Card"},"content":{"rendered":"\n

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From unexpected medical treatments to sudden home renovations, financial emergencies can arise anytime. Personal loans help you manage these expenses comfortably without dipping into your savings. They give you access to funds quickly, allowing you to repay the loan in manageable EMIs over a long tenure. Moreover, personal loans typically have a simple application process, making them a secure and convenient option for unforeseen financial needs.<\/p>\n\n\n\n

However, it\u2019s important to have a Permanent Account Number (PAN) card to apply for a personal loan<\/a> as it provides lenders with essential insights into your financial history and tax records. <\/p>\n\n\n\n

If you are looking to get a PAN card loan,<\/strong> read on to understand the steps, eligibility criteria, and documents required to secure the loan. <\/p>\n\n\n\n

The Importance of PAN Card for Personal Loans<\/strong><\/h2>\n\n\n\n

A PAN card is a government-issued identification proof that provides a record of your financial history. It helps financial institutions verify your identity and assess your eligibility for the loan. Since personal loans are collateral-free, a PAN card streamlines and accelerates the loan approval process, benefitting both lenders and borrowers. <\/p>\n\n\n\n

Here\u2019s how a PAN can help you secure a PAN card personal loan:<\/p>\n\n\n\n

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  1. It lowers the number of documents required for personal loan<\/a> application.<\/li>\n\n\n\n
  2. It helps lenders verify your details quickly, often within a day or two days.<\/li>\n\n\n\n
  3. It gives the lender access to financial details, including credit history, CIBIL score, employment information, tax records, and transaction patterns.<\/li>\n\n\n\n
  4. When linked with your Aadhar card, the PAN card can simplify banking transactions and the loan application process. <\/li>\n<\/ol>\n\n\n\n

    Steps to Get a Personal Loan with a PAN card<\/strong><\/h2>\n\n\n\n

    You can apply for a personal loan on a PAN card <\/strong>online. All you need to do is follow these steps on your preferred financial institution\u2019s official website or mobile application:<\/p>\n\n\n\n

    Step 1: Visit the lender\u2019s website or app<\/strong><\/h3>\n\n\n\n

    Start by downloading the lender\u2019s mobile app or visiting their official website to initiate the loan application process.<\/p>\n\n\n\n

    Step 2: Enter your details <\/strong><\/h3>\n\n\n\n

    Once you\u2019ve successfully logged in, navigate to the personal loan section and enter your mobile number and name. These details will be verified using your PAN number.<\/p>\n\n\n\n

    Step 3: Enter the loan requirement<\/strong><\/h3>\n\n\n\n

    If you are pre-approved for a personal loan, enter the amount you need within the approved limit.<\/p>\n\n\n\n

    Step 4: Provide personal details<\/strong><\/h3>\n\n\n\n

    Enter your personal and banking details, including your address, employment information, and bank details. Make sure the information is accurate to reduce the chances of rejection.<\/p>\n\n\n\n

    Step 5: Set up your e-mandate<\/strong><\/h3>\n\n\n\n

    Complete a one-time e-mandate authorization for seamless EMI payments directly from your account.<\/p>\n\n\n\n

    Step 6: Opt for additional facilities<\/strong><\/h3>\n\n\n\n

    Consider opting for insurance to safeguard your personal loan liability in case of an emergency.<\/p>\n\n\n\n

    Step 7: Loan disbursement<\/strong><\/h3>\n\n\n\n

    Accept the e-agreement, verify the loan details, and get the loan amount disbursed directly into your bank account.<\/p>\n\n\n\n

    Eligibility Criteria to Get a Personal Loan with a PAN Card<\/strong><\/h2>\n\n\n\n

    Applying for a PAN card personal loan is a straightforward process. However, to reduce the chances of rejection, it\u2019s essential to verify your eligibility before filling out the application form. While the eligibility criteria vary from lender to lender, some common requirements include:<\/p>\n\n\n\n