Personal Loan For Pancard Loan

PAN Card Loan

Getting a personal loan with a PAN card is a very easy process, as most lenders now prefer PAN cards as identification proof for personal loans. A PAN Card can give them a detailed account of your financial status and repayment capacity. This makes personal loan application with a PAN card much simpler than using other proofs.

Benefits of PAN Card Personal Loan

• Your PAN card is linked to all of your bank accounts, loans, and credit cards, which makes it easier for lenders to check your credit profile.
• PAN cards enable lenders to access credit scores (like CIBIL) and credit information reports to assess your creditworthiness and personal loan eligibility.
• It also helps them assess if you are financially disciplined with a good repayment history and have the capacity to repay the loan every month on time. This will increase your chances of loan approval.

Features of a PAN Card Personal Loan

Impressive personal loan funding

With a PAN Card, you can apply and get personal loans from Rs. 5,000 to Rs. 20 lakhs.

Attractive interest rates

You can avail of personal loans for an interest rate as low as 12%.

Note: Your interest rate depends on your credit score. The higher your credit score, the lower your interest rate.

Instant approval and loan disbursal within 24 hours

Once you have completed your application process, you can get your application verified and approved in just under 3 minutes. Your loan amount will also be disbursed to your bank account within 24 hours of approval.

No collateral required

Personal loans are unsecured. You do not need to submit any collateral like shares, property, gold, etc. You can get loan approval if you fit the eligibility criteria and submit the required documents.

Easy repayment with flexible tenure

You get a flexible tenure of 9 to 42 months for a personal loan. You can choose the tenure that suits your financial needs and repay the amount in monthly installments.

No restrictions on how you use the loan amount

There are no restrictions on what you can use the loan amount for. You can use it to pay for a wedding, a medical emergency, education, travel, etc.

Entirely digital process

The entire process, starting from application to cash disbursal, is digital, so you don’t need to travel between your home and the bank to apply for a personal loan. You can apply online for a PAN Card loan.

Eligibility Criteria

The eligibility criteria for a personal loan application vary from lender to lender. At Housing.com, we have a set of eligibility requirements that an applicant should meet for us to approve their loan. Below are those eligibility requirements.

• Your age should be between 21 to 60 years.
• You should have a stable income source with a monthly income of a minimum of Rs. 15,000/-
• You should either be a salaried or self-employed applicant.
• You should have a minimum credit score of 700
• You should be an Indian citizen
• You should also meet the minimum income requirement of your city of residence.

Documents Required

In addition to your PAN card, you will also be required to submit the following documents while applying for your personal loan.