Loan on PAN Card: Eligibility, Documents & Process

Since personal loan applications are made online instantly through digital platforms, the documentation process has been simplified considerably. It is possible to get a personal loan approved with only a few important documents, such as an Aadhaar Card, PAN Card, and income proofs. According to the latest RBI Digital Lending Directions (updated for 2025), all regulated lenders must provide a Key Facts Statement (KFS) before the loan contract is executed, ensuring transparency regarding the Annual Percentage Rate (APR) and all inclusive costs.

In instances where borrowers have misplaced any of their KYC documents, a substitute can often work. This means even if your Aadhaar card is in transit, you can effectively use your PAN card for a loan application to understand how to get a loan on a PAN card quickly. Can I get a loan on a PAN card without other documents? While PAN is essential, it usually works in tandem with an officially valid document (OVD) for address proof.

Why a PAN Card is Vital for Personal Loan Approval

A PAN card acts as your "financial fingerprint," offering lenders a complete view of your financial history. Here is why it is indispensable for a personal loan on a PAN card:

• Unique Identity & Fraud Prevention: The PAN is a unique 10-digit alphanumeric code. This prevents identity fraud as no two individuals can have the same number, ensuring personal loan on PAN card security.
• Streamlined KYC & Faster Verification: Linking your PAN card to your bank account allows for immediate verification, making the approval process much faster than traditional methods.
• Credit History Access: Lenders use your PAN to pull credit reports from bureaus like CIBIL. Most regulated lenders prefer a credit score of 700 or above for instant approvals.
• Credit Building: Timely repayment of a loan linked to your PAN helps build a strong credit history, making you eligible for larger loans in the future.

Eligibility Criteria for Personal Loan on PAN Card

To check the loan on PAN card eligibility, you must generally meet these standard criteria as per NBFC lending norms 2026:

• Age: Between 21 and 58 years (up to 80 years for some lenders).
• Income: Minimum monthly salary of ₹15,000 for salaried individuals.
• Employment: Stable job history (typically at least 1-2 years in the current role).
• Credit Score: A score of 685 or higher is often required, with scores above 750 fetching premium interest rates.

Documents Required to Get a Loan on a PAN Card

While the PAN card is the primary identifier, you will typically need the following supporting documents:

• Identity Proof: PAN Card (Mandatory).
• Address Proof: Aadhaar Card, Passport, or Utility bills.
• Income Proof: Last 3-6 months’ bank statements and recent salary slips.
• Photograph: Recent passport-sized digital photograph.

How to Use a PAN Card for a Personal Loan?

If you are asking, "Can I get a loan on a PAN card?" follow these digital-first steps:

1. Download & Register: Install a regulated instant loan app like HeroFinCorp and register using your mobile number linked to your PAN.
2. Enter Details: Provide your 10-digit PAN number and basic details to check the loan on the PAN card offers tailored for you.
3. KYC Verification: Upload digital copies of your PAN and Aadhaar for instant verification.
4. Review KFS: Carefully read the Key Facts Statement (KFS) provided by the lender, which highlights the interest rate and all applicable fees.
5. E-Sign & Disbursal: Digitally sign the agreement. Once verified, the sanctioned amount is credited directly to your bank account.

How to Check Loan Status Linked to Your PAN Card

You can easily monitor your active and closed loans by pulling your credit report using your PAN number.

• Credit Bureaus: Visit sites like CIBIL or Experian to get a detailed report of all credit accounts linked to your PAN.
• Lender Portals: Most banks and NBFCs allow you to check the loan on PAN card status directly through their mobile apps or websites using your registered PAN.

Benefits of a Personal Loan on a PAN Card

• No Collateral: These are unsecured loans, meaning you don't need to pledge assets like gold or property.
• Multipurpose Use: Funds can be used for medical emergencies, home renovation, or travel.
• Transparent Processing: With RBI-regulated entities, all charges are disclosed upfront, ensuring no hidden surprises.

Frequently Asked Questions

Can I get a personal loan on just a PAN card?

While the PAN card is crucial for verification and credit checks, lenders also require address proof (like Aadhaar) and income proof to confirm your repayment capacity. Can we get a loan on a PAN card alone? Only if the lender has pre-approved your profile based on existing banking data.

What is the loan limit on a PAN card?

Loan amounts vary based on your income and credit score. For instance, Hero FinCorp, a regulated NBFC, offers tailored amounts for eligible borrowers, while some competitors offer up to ₹55 lakhs depending on profile.

How to check active loans on a PAN card?

You can check all active loans by accessing your credit report from bureaus like CIBIL using your PAN number. This is the most accurate way to check the loan on the PAN card history.

What is the usual interest rate for loans on a PAN card?

Interest rates typically start from 19% p.a. at HeroFinCorp, though they can vary between 10% to 31% across the industry depending on your credit profile. Always check the APR in your KFS.

Can self-employed individuals get a loan with a PAN card?

Yes, both salaried and self-employed individuals can apply for a loan using their PAN card, provided they meet the minimum income and age requirements.

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