There are a lot of loan providers who offer a loan based on PAN card. They provide small loans of around Rs 50,000, which you can get instantly. There are many benefits of opting for a pan card loan such as instant disbursal and negligible paperwork. Let’s find the exact process for taking such a loan, and who can do so.

PAN card loan 50000 – What is it? 

You can avail of a personal loan for a high amount, but there could be other requirements of documentation or collateral for the same. However, a smaller loan may sometimes be needed to address a financial emergency or urgently pay a bill. Thus, you can opt for a loan on your PAN Card up to Rs 50,000 without much of a hassle as it could be issued instantly, which could help you ease your financial requirements.

These quick, mini loans can also be taken for smaller amounts, for Rs 10,000 or Rs 20,000, against your PAN Card and credit score without collateral.

PAN card loan 50000 – How to apply? 

If you are planning to take a personal loan of Rs 50,000, or opt for even smaller loans, follow these simple steps:

  • Download the app of the loan provider.
  • Fill in the application form.
  • Select a suitable loan repayment scheme.
  • Upload scanned copies of the documents needed.
  • Submit the application.

If your application is accepted, you will be instantly notified about it. Then, the loan will be disbursed, and it will be credited to your bank account within a few hours.

PAN card loan 50000 – Who is eligible? 

If you wish to apply for a loan on a PAN card, you will have to meet the following eligibility criteria:

  • You must be over the age of 21 years and under the age of 58 years.
  • You should be a citizen of India.
  • You should have a minimum monthly salary of Rs 15,000.
  • You should have at least 6 months of working experience.
  • You may be salaried or self-employed.

If you meet all the categories mentioned above, you can get a loan on a PAN card quite easily. 

PAN card loan 50000 – What documents are needed? 

The documentation process to secure a mini-personal loan is minimal. In fact, apart from your PAN and Aadhaar cards, you don’t really need any more documents. Modern-day lenders such as Tata Capital have made it very easy for you to get an instant mini loan. You can simply enter your PAN number while applying for the loan on the lender’s app or website and get the job done without any other worries.

PAN card loan 50000 – What are the benefits? 

24/7 Availability

One of the biggest advantages of present-day loans is that they are available round the clock. Gone are the days when you had to wait in queues or wait for a bank to open before you could apply for a loan. You can fill up the application while comfortably sitting at home and at any hour of the day. These days, you can apply for it 24/7 by just clicking some buttons.

Easy application process

As mentioned above, the process of applying for a Rs 50000 loan on a PAN card is very simple. You just need to have the app of the loan provider on your smart device. You can go to the app, fill in the application form and submit it. The process doesn’t take a lot of time and is very uncomplicated in nature.

Safe

Most lenders carry out the loan procedures with utmost honesty and transparency. However, you should check the credibility of the lender and look to transact with a reputed bank or NBFC. If you come across a random app or website offering personal loans at very low rates of interest, or you find the offer to be too good to be true, run a thorough verification before you carry out any financial transaction there.  

Flexible EMIs

You get to repay the personal loan in an easy and relaxed manner as there are many flexible EMI options available. This makes it simple to pay back the loan without the EMIs becoming a large financial burden on you.

Affordable

Small personal loans are available at attractive rates of interest. This makes it easy and affordable to take such a loan when needed without burning your pocket. If you have a high credit score, the interest rate further goes down.

Keeping these benefits in mind, it can safely be said that the mini, instant loans from reliable NBFCs are handy financial aids that help you to meet a variety of financial challenges.

Conclusion

As you can clearly see from the points mentioned above, the Rs 50000 loan on a PAN card is a boon for anyone who needs urgent funds. You can also opt for this type of loan if you have a sudden medical emergency at home.

Also, if you fall short of some funds when arranging a large family function like a wedding, you can turn to mini loans. Such a loan can also be taken when making a down payment for any asset that you wish to buy. There are several benefits of opting for this kind of financing, speed and convenience being the main ones.

Also, since the entire process is transparent, there is no fear of fraud or any unfortunate event taking place. So go ahead and apply for a personal loan on a PAN card from Tata Capital and take care of your urgent financial needs.

0 CommentsClose Comments

Leave a comment

Disclaimer: 

To know more about Terms & Conditions, click here.