Loan without PAN Card 2024: whenever a person applies to a bank or financial company for a personal loan a case PAN card is an important document. Most of the citizens have already applied for PAN cards and are using them for various purposes, but some people have not yet applied for PAN cards and facing difficulty while applying for personal loans.
Today we will discuss with you the solution to the problem by which you can apply for a personal loan without a PAN card (Bina PAN Card ke Loan 2024). We will discuss how you can apply for a loan while you don’t have a PAN card. Here in this article, we will provide you with a possible solution to this problem (Bina PAN Card ke Loan 2024). If you are also looking for an instant personal loan without a PAN card, then you can read this article, where you will get the list of other documents required in case of no PAN card and you can also check the eligibility criteria and application process.
Bina PAN Card ke Loan 2024
As per the instructions of the Government of India, a PAN card is an essential document for every citizen, which helps the government to check the transaction activities of the citizen. However, a PAN card is used for transactions above Rs 50,000. Therefore, if you want to take a personal loan without a PAN card, then you can get a maximum loan of up to Rs 50,000 from the bank without a PAN card. Applicants can use this loan amount for many purposes like education, marriage ceremonies, festivals, celebrations, etc.
उत्तराखंड में नंदा गौरा योजना के लिए आवेदन शुरू, जानें सम्पूर्ण प्रक्रिया
Eligibility criteria for the Bina PAN Card ke Loan 2024
Before applying for a bank personal loan without a PAN card, you need to follow its eligibility criteria. You can also check the eligibility criteria given below:
- Age limit: The applicant must be a citizen of India and above 18 years of age. However, the maximum age should not exceed 60 or 65 years as per the standards of different banks.
- Job profile of the applicant: The applicant must have a genuine source of income, whether working or self-employed.
- Income of the applicant: The monthly annual income of the applicant should be more than Rs 15,000.
- CIBIL Score of the applicant: CIBIL score plays a very crucial role in getting a loan amount, that’s why to avail of a quick personal loan you must have a good CIBIL score of more than 750.
Required documents you need to get this Without a PAN Card
A PAN card is a very important document that is asked for KYC in every bank or financial company but if you do not have a PAN card then by using the following documents the bank will also support you and provide a personal loan.
| Serial No. | Name of the Document |
| 1 | Your bank statement of the last three months |
| 2 | Voter ID card of the applicant |
| 3 | Electricity bill of your resident place |
| 4 | Employment proof of the applicant |
| 5 | Applicant’s three months’ salary slip |
| 6 | To improve your trustworthiness, you should submit any other governmentapproved identity proof. |
| 7 | To improve your trustworthiness, you should submit any other government approved identity proof. |
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How to Apply for a personal loan without a PAN card?
Applicants can apply for personal loans without a PAN card using online mode on various platforms including the bank’s mobile applications or websites. However, if you are not familiar with the online system, you can visit the nearest branch and then apply manually by providing all the documents and information. Follow this procedure to apply online for a personal loan without a PAN card:
- Visit the official website of the bank or open the mobile application of the bank.
- Now click on the Personal Loan section and then apply for a loan amount less than Rs 50000.
- Now complete your KYC by giving information about your Aadhar Card, Voter ID Card, Electricity Bill etc
- After that, you will receive an OTP on your registered mobile number for verification.
- Once the verification is complete, you have to select the loan tenure for which you can repay the amount.
Now your application will be successfully submitted and you need to wait for approval from the bank, once the bank approves your application, the loan amount will be credited to your bank account.
Instruction/recommendations for personal loans without a PAN card
- Apply only for those mobile applications which are approved by RBI.
- Many online companies are cheating their customers by asking for their PAN card and Aadhar card information.
- If you are applying for a personal loan in a third-party application, you should check the interest rates as many companies charge interest rates as high as 36% for their customers, so read the terms and conditions of these companies. If you don’t do this, you may have to pay a huge amount as interest.
- Don’t use Chinese loan app as they are not authentic, some Chinese apps are banned by the Indian government but still, there are many Chinese app that provides loans to the citizens. But we strongly recommend you don’t use these apps.
