You will get a personal loan of up to Rs 5 lakh on your PAN card, See the step-by-step process here.

You will get a personal loan of up to Rs 5 lakh on your PAN card, See the step-by-step process here. Newspoint | 07/05/2025 23:39:15

If you need a loan immediately and you have a PAN card, then your work will be easy. Know how to take a loan through a PAN card, which documents will be required.

Do you know that you can get a loan of up to Rs 5 lakh on your PAN card. PAN card means permanent account number, with the help of which your financial transactions are monitored. The loan amount on PAN card depends on the rules of various banks and financial institutions, the applicant's credit score, income, and other eligibility criteria.

What things to keep in mind while taking a loan on PAN card

1. To take a loan on PAN card, you must have a valid Aadhaar card and PAN card.

2. Before taking a loan, make sure that your Aadhaar and PAN are linked.

If not linked, it will be easy to get a loan.

3. If your Aadhaar card and PAN card are linked, then in many cases the loan can be approved in just 24 hours.

4. If you do not have a PAN card, then the chances of getting a personal loan will be reduced.

These documents will be required to take a loan on PAN card

1. Copies of Aadhar card, passport, driving license or voter ID card for identity proof.

2. Aadhar card, driving license, voter ID card for address proof.

3. Three months bank account details.

4. Two months salary slip along with Form 16.

How to apply for loan with PAN card -

1. First of all select those banks which give instant loan through PAN card.

Apart from this, get information about the interest rates of banks, method of loan repayment etc. and compare it with other banks.

2. To apply online, click on Apply Now through the website of the banks.

3. Now you have to enter your mobile number. After this enter the OTP.

4. Now enter all your information in the application form. Like your name, PAN number, date of birth and PAN card information with PIN code etc.

5. After this click on proceed.

6. Now enter the loan amount. Also select the loan type like tenure, flexi tenure and flexi hybrid etc.

7. After this you have to select the loan period.

8. Complete the KYC process to apply for the loan.

Eligibility to get Rs 5 lakh loan on PAN card

The loan taker should be a citizen of India.

2. The age of the applicant should be between 21 to 60 years.

3. The applicant must have a valid PAN card.

4. Your credit score should be good to get the loan.

5. It is necessary to have a regular source of income.