Get ₹5 Lakh with Just Your PAN Card: A Game-Changer in Personal Finance
Get ₹5 Lakh with Just Your PAN Card: A Game-Changer in Personal Finance
Quick, paperless, and accessible — here’s how to get an instant personal loan using only your PAN card and Aadhaar.
Gone are the days of lengthy paperwork and long bank queues. In today’s digital age, getting a personal loan of up to ₹5 lakh is as simple as having your PAN card and Aadhaar in place. With the evolution of fintech and improved KYC norms, your PAN card has become more than just an identity—it’s a gateway to instant credit.
Why PAN Loans Are Trending
Your PAN (Permanent Account Number) is a unique 10-digit alphanumeric ID issued by the Income Tax Department. Once linked with Aadhaar, it serves as a digital proof of your financial trustworthiness. Most banks and NBFCs now offer loans using PAN-based e-KYC, reducing approval time to as little as 24 hours—perfect for emergencies or quick needs.
Eligibility Checklist
To qualify for a loan via PAN card, applicants must:
- Be aged between 21 and 60
- Have a regular income
- Hold a good credit score and stable debt-to-income ratio
What You’ll Need
Minimal documents are required:
- PAN Card (linked with Aadhaar)
- Proof of identity and address (like Aadhaar, passport, or driving license)
- Latest salary slips or Form 16
- Bank statements for the last three months
Application Made Easy
Here’s a step-by-step breakdown:
- Choose a bank or finance company with favorable terms.
- Visit their official website and hit “Apply Now.”
- Enter your mobile number and verify with OTP.
- Fill in your basic details—PAN, DOB, pin code, etc.
- Select loan type (Term/Flexi Term/Flexi Hybrid) and amount.
- Complete your e-KYC and submit the form.
Once approved, the funds are disbursed directly into your bank account, sometimes within the same day.
Repayment & Flexibility
Tenures range from 6 to 96 months, with flexible EMI options. Competitive interest rates are also available depending on your credit profile.
Whether it’s for travel, education, home renovation, or medical emergencies, PAN-based loans offer a seamless and quick financing route. But remember, borrow responsibly. A personal loan, though easy to get, is still a debt that must be managed wisely.
