How to Track Personal Loan Application Status Online?
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Most of the lenders in India have set their eligibility criteria for personal loans quite clearly which includes Aadhar card and PAN card as mandatory documents to avail an instant loan. So, if you are thinking of a loan without a PAN card, it is not going to give you positive results for loan approval. Borrowers can avail of a loan up to Rs.50,000 or more with a PAN card. However, below are certain tips that you can consider till your new PAN card doesn’t arrive:
When you open an instant loan app to avail of a personal loan, first go through the eligibility criteria and then proceed with the loan application. Most of the personal loan apps in India have stated clearly about Aadhar cards and PAN cards being mandatory documents for loan approval. So, if you assume a loan without a PAN card will work, drop the idea and keep your PAN card number handy for a personal loan online.
A PAN card is an important document to verify the financial history of a borrower. Hence, lenders will certainly not approve of personal loans without a PAN card. When you hesitate in submitting a PAN card for a personal loan, it gives an impression of being under confident about your financial history. Hence, prioritize PAN card as a mandatory document for a personal loan online.
PAN card benefits personal loan approval and increases the lender’s confidence in disbursing the loan early. A personal loan without a PAN card might take time for loan approval or not get sanctioned at all. So, it is always beneficial for the borrowers to have a PAN card in hand while a personal loan application online.
Start with downloading an instant personal loan app like Hero FinCorp Instant Personal Loan to avail a personal loan with a PAN card. After the personal loan application is duly filled, the next step is documents verification that demands E-KYC verification. At this step, borrowers are required to submit the Aadhar card and PAN card details for verification. This is how you apply for a personal loan with a PAN card.
The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.
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