Pan Card Loan Yojana: Aadhar Card, Voter Card, PAN Card, etc. are very important documents for you. With the help of these documents, we are identified. But do you know that you can also take a loan through them? Yes, you can also take a loan with your PAN card. Often we need a loan. In such a situation, we go to some bank for a loan. The process of taking a loan from the bank is very long and tiring. In such a situation, today we have brought such information for you through which you can take a loan easily and quickly sitting at home.
You can take a personal loan with a PAN card.
Today we are telling you how you can take a loan with a PAN card. For this, you will not need many documents and this process is also going to be very easy. A PAN card is mandatory for any kind of financial transaction in the country. A PAN card is a permanent 10-digit number, which is issued by the Income Tax Department.
Without a PAN card, you are not able to make any major financial withdrawals from banks. But do you know that you can get a loan from banks on a PAN card? A PAN card is one of the most important documents of our identity in today’s time. Without this, you cannot open a bank account nor file an income tax return.
The loan is available without any security.
You can easily take a personal loan of up to Rs 50,000 through your PAN card. Banks provide you with a loan of up to Rs 50,000 without any security. That is, you do not have to mortgage anything to the bank and you can easily get a personal loan. But for this, your CIBIL score must be good. Only then will you be able to get this loan? The interest rate of personal loans is higher than home loans, and car loans and it comes in the unsecured category. Due to this reason, banks do not give more amounts in the form of loans through PAN cards.
These documents are required to take a loan.
If you want to take a personal loan through your PAN card, then you have to submit some documents to the bank. These include Aadhar card, PAN card, salary slip, mobile number, bank account number, etc. This also includes your work experience. You will be given a personal loan on a PAN card only if you have at least 2 years of work experience. Whether you are doing a job or running your own business, in both cases your CIBIL score should be good. Only then will you be able to get a personal loan on a PAN card?
Apply in this way to take a loan from a PAN card.
- To take a loan from a PAN card, first of all, you have to install the instant loan app on your phone.
- After installing it, you have to go to the website of the loan-giving institution.
- Now you have to register with your mobile number and email ID.
- Now you have to enter the mobile number or bank account number which will be linked to your PAN card.
- Now you have to enter the 10-digit unique PAN number.
- Some websites require a scanned copy of the PAN card along with other income-related documents. In such a case, you will have to upload all the documents.
- Now your documents will be verified.
- If everything is found correct, your loan will be approved and the loan amount will be sent to your bank account.