How to Check Active Loan on PAN Card - Step-by-Step Guide

Is a loan still getting reflected on your PAN card even after full repayment? Or you haven't applied for one, but it's still reflecting?
This doesn't mean that you still have to make the payment, but it affects your credit score and future loan applications. Lenders might reject your loan or charge higher interest rates.
To avoid this, you should regularly check your loan details on your PAN card. This helps you raise an issue in a timely manner and avoid fraud and errors.
Let's find out how you can check loan details on your PAN card and the steps to keep the details updated.

What Is a PAN Card and Why Does It Matter for Loan Tracking?

PAN card is a unique alphanumeric identification number assigned to companies, individuals, and entities conducting financial activities. It is issued by the Income Tax Department of India under the supervision of the Central Board of Direct Taxes (CBDT).
PAN card loan check helps verify your identity for financial transactions. Plus, financial institutions check your PAN card to see if you are creditworthy. You can check all the dues and EMIs you have to pay, which helps in managing your finances.

Why Should You Check Active Loans on Your PAN Card?

When you check active loans on your PAN card, you get all the details about your active and past loans.
Here's why you should check active loans on your PAN card -
●    Avoid identity theft and fraud
●    Plan your finances
●    Maintain your credit score
●    Spot errors
●    Avoid legal issues from unpaid or misreported loans

How to Check an Active Loan on Your PAN Card?

To maintain your credit score and manage finances, it is essential to check active loans using your PAN card credit report. Here's how to check the active loan in your name -

Method 1: Using Credit Bureau Websites (CIBIL, Equifax, Experian, CRIF High Mark)

Every time you apply for a loan or credit card, the lender reports to the credit bureau. Credit bureaus provide a comprehensive and detailed record of all past and current credit activities.
Here's how to check how many loans you have on different credit bureaus -

TransUnion CIBIL
1.    Visit the official website.
2.    Add PAN and contact number to log in.
3.    Enter the OTP to verify.
4.    Click on "Get Free CIBIL Score".
5.    You will get active loans, lenders, and status in the accounts section.

Experian
1.    Visit the website and click on "Free Credit Score".
2.    Fill in the required details and verify with OTP.
3.    Accept the terms and click on "Get Report".
4.    Look for the credit accounts section to get details on active loans, status, lenders, balances, and more.

Equifax
1.    Head to the website and choose between a personal and a business credit report.
2.    Use your email ID and password to log in.
3.    Download the report and check active loans, loan types, balance, and more.

CRIF High Mark
1.    Go to the website and enter your name, PAN number, and contact details.
2.    Answer security questions to log in.
3.    Select the free report option. If authenticated, you will get the report in your email.
4.    Download the report and check the accounts section.

Method 2: Using Fintech Mobile Apps and Online Platforms

Fintech mobile apps and online platforms offer a user-friendly way to check and manage your finances. The process varies across different apps, but here's a general overview of the steps to check an active loan on a PAN card through fintech apps:
 

1.    Install a reliable app.
2.    Provide KYC details to verify and sign up.
3.    Most apps have a dedicated platform to check active loans, so you can easily review and manage each one.
Pro Tip - Make sure that you choose a reliable app to avoid fraud and identity theft.

Method 3: Contacting Your Lender Directly

You can check the loan status directly with the lender to verify if a loan from a specific lender is active or not. Here's how you can check a loan on a PAN card with the lender -
Through Mobile App Or Net Banking
1.    Log in to the lender's loan app.
2.    Go to the account section to look for active loans
3.    If you find active loans, check the loan type, EMI due, outstanding balance, and next due date
Visit Lender's Website
Go to the lender's website and log in with your account. There, you will find a dedicated section to verify active loans and repayment status.
Contact the Lender
Call the customer support or visit the branch directly. You will need to provide your PAN number and other details before they share the information with you.
Review Loan Statements
Check the loan statements sent by your lender via post or email. These statements have detailed records on payments, loan tenure, and loan balance.

How to Detect and Handle Fraudulent Loans on Your PAN Card

Incorrect loan details affect your credit score. So, it is essential to identify and handle fraudulent loans on your PAN cards to ensure accuracy.

Detecting Fraudulent Loans

To detect fraudulent loans on your PAN card, request a credit report and identify discrepancies.
Here are the fraud signs to look for -
●    Incorrect loan balance, loan closures not updated, or missed payments
●    Collection calls for the loans you didn't take
●    Suspicious loan inquiries

Reporting Fraud

If you notice fraud or errors, here's what to do:
●    Collect supporting documents, such as receipts, loan statements, or an NOC letter.
●    Submit a dispute with the credit bureau and the lender.
●    File a complaint with the police.
●    Collect scam details and complaints to the police and bank, and email to the RBI ombudsman.
●    Follow up until the issue is resolved.

Tips to Avoid PAN Misuse

To prevent PAN misuse, here's what you should do -
●    Do not add PAN details to unverified websites.
●    Go for a watermarked copy for certain purposes.
●    Do not share your documents on public platforms.
●    Verify credit reports regularly.
●    Lock digital KYC IDs.
●    Use credit monitoring tools to detect suspicious activities.
●    Enable email or SMS alerts for loan applications on your PAN.
●    Use strong passwords.

Understanding Your Loan Report: What Information Does It Contain?

Your loan report contains a detailed account of credits availed and inquiries made. Here's an overview of what it includes -

Personal Information

●    Name
●    Date of birth
●    Gender
●    PAN Number
●    Voter Number
●    Passport Number

Contact Information

●    Address
●    Telephone numbers

Employment Information

Monthly or annual income details, as the banks and financial institutions report

Account Information

●    Name of lenders
●    Type of credit, such as home, personal loan, auto, and more
●    Account numbers
●    Ownership details
●    Opening date
●    Date of last payment
●    Amount of loan
●    Current balance
●    Monthwise record of payments

Enquiry Information

Number of credit inquiries you made on your account

How to Keep Your Loan Details Updated and Ensure Accurate Records on PAN Card?

To update the loan status on the PAN card, it is essential to check the loan details regularly.
Here's what you should do -
●    Check your credit report regularly and submit a dispute with the lender and credit bureau for correction.
●    Always collect an NOC after loan closure and keep it as a record.
●    After loan closure, verify that it is reflected in your credit report.

Check Active Loans Regularly to Maintain Your Credit Score

Checking your active loans through your PAN card helps you confirm active loans, closed loans, and whether any unauthorised credit activity has been reported under your name.
When your loan records are accurate, your credit score reflects your true financial behaviour. This means better chances of loan approvals, lower interest rates, and more control over your financial planning.
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Frequently Asked Questions

1. Can I check active loans on my PAN card for free?

Many credit bureaus offer one free credit report every year. Plus, you can use fintech applications or contact the lender to get your loan status on your PAN card.

2. How often should I check my active loans linked to my PAN card?

Check active loans linked to your PAN card every 3 to 6 months.

3. What documents do I need to check loans on a PAN card?

The specific documents vary depending on the way you check active loans. Generally, you need a PAN number and contact details to verify your details.

4. Does checking my loan status impact my credit score?

No, checking your loan status does not impact your credit score.