Pan Card Loan Scheme: 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 loan through them. Yes, you can also take loan from your PAN card. Often we need a loan. In such a situation, we go to one bank or the other for a loan. The process of taking loan from the bank is quite long and tiring. In such a situation, today we have brought such information for you through which you can easily and quickly take a loan sitting at home.
You can take personal loan through PAN card
Today we are telling you how you can take loan through PAN card. For this you will not need many documents and this process is also going to be very easy. PAN card is mandatory for any type of financial transaction in the country. PAN card is a permanent 10 digit number, which is issued by the Income Tax Department.
Without PAN card you are not able to make any big financial withdrawal from banks. But do you know that you can get loan from banks on PAN card. PAN card is one of the most important documents of our identity today. Without this you cannot open a bank account nor file income tax return.
Loan is available without any security
You can easily take a personal loan up to Rs 50,000 through your PAN card. Banks provide you a loan up to Rs 50,000 without any security. This means that you do not have to mortgage anything with the bank and you can easily get a personal loan. But for this it is necessary that your CIBIL score should be good. Only then you will be able to get this loan. The interest rate on personal loan is higher than that of home loan and car loan and it comes in the unsecured category. For this reason, banks do not give much amount as loan through PAN card.
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This document is required to take loan
If you want to take a personal loan through your PAN card, then you will have to submit some documents to the bank. These include Aadhar card, PAN card, salary slip, mobile number, bank account number etc. Your work experience is also included in this. You will be given personal loan on PAN card only when you have at least 2 years of work experience. Whether you are working or running your own business, in both the cases your CIBIL score should be good. Only then you will be able to get personal loan on PAN card.
Apply this way to take loan through PAN card
- To take loan from PAN card, first of all you have to install instant loan app on your phone.
- After installing it, the loan giving institution website will go on.
- 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 PAN card along with other income related documents. In such a situation, 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.