If you need money urgently during an emergency, a personal loan is a great option.
It provides quick access to funds and offers flexible repayment options.
Now, you can easily get a loan of up to ₹5,000 using just your PAN card. The application process is simple and hassle-free.
In this news, we will provide you with detailed information about how to avail of this loan.
PAN Card Loan
Just like Aadhaar and Voter ID, a PAN card is also a crucial document. It is often required when applying for a loan.
Now, you can use your PAN card to get a loan of up to ₹5,000, depending on your credit score and identity verification. Digital lending apps, NBFCs, and several banks offer such loans.
Here’s how you can apply for a loan using your PAN card:
1. First, find a bank or NBFC that offers loans with minimal requirements and in small amounts.
2. It’s important to check the interest rate, processing fees, and the repayment timeline to choose the best option for you.
3. Visit the lender’s website or branch to apply.
4. During the application, you’ll need to provide details like the loan amount you need, your credit score, etc.
5. Upload your PAN card as identity proof. You may also need to submit your Aadhaar card or income proof at some places.
6. If your information is accurate, the loan is approved instantly.
Keep in mind that such loans tend to have higher interest rates because they are unsecured, meaning you don’t need to provide any collateral.