PAN Card Misuse Alert: How To Check If Someone Took A Loan In Your Name

Fraudulent loans using PAN details are rising; experts say checking your credit report regularly is the safest way to detect misuse

With the rise of digital banking and instant loan approvals, cases of fraudulent loans taken using someone else’s PAN card details are increasing. Many people only discover such fraud when their loan application gets rejected or their credit score suddenly drops.

Since a Permanent Account Number (PAN) is linked directly to an individual’s financial history, any loan taken using it becomes part of the person’s credit record. Experts say regular monitoring of credit reports is essential to prevent financial damage.

Check Your Credit Report

The easiest way to find out if a loan has been taken in your name is by reviewing your credit report. Credit bureaus such as TransUnion CIBIL, Experian, Equifax and CRIF High Mark maintain detailed records of all loans and credit cards linked to your PAN.

Individuals can request a free credit report once a year from these agencies by verifying their PAN and registered mobile number.

Once downloaded, carefully check the loan details or account information section. If any unfamiliar loan, lender name or credit entry appears, it may indicate possible misuse of your PAN details.

Warning Signs Of PAN Misuse

Experts say certain signs in the credit report may indicate fraud. These include unknown loans or credit cards, unfamiliar bank names, unexpected credit inquiries or unusually large loan amounts that you never applied for.

If such entries appear, immediate action is necessary to avoid damage to your credit score.

Monitor Financial Apps And Bank Statements

Many financial apps such as CRED, Paytm and Google Pay also show information about loans and credit cards linked to your PAN. Keeping notifications enabled can help detect new credit activity quickly.

It is also advisable to review bank statements regularly to check for unusual transactions or EMI deductions.

What To Do If You Find A Fake Loan

If you discover a fraudulent loan in your name, immediately contact the lender and inform them about the issue. You should also raise a dispute with the credit bureau that recorded the loan entry.

In serious cases, individuals can file a complaint with the cybercrime police or report the matter through the National Cyber Crime Portal. The helpline number 1930 can also be used to report financial fraud.

Protect Your PAN Details

Financial experts advise treating PAN details as carefully as a bank PIN or Aadhaar number. Avoid sharing it on unverified websites or with unknown individuals.

Regularly checking your credit report and staying alert to suspicious entries can help detect fraud early and protect your financial reputation.

Disclaimer: This article is for general awareness about financial safety and does not constitute professional financial advice.