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Tata Capital > Blog > Personal Use Loan > How To Get A Personal Loan Without PAN Card

Personal Use Loan

How To Get A Personal Loan Without PAN Card

How To Get A Personal Loan Without PAN Card

In India, a PAN (Permanent Account Number) card is indeed one of the most essential and widely recognised identification proofs. It is usually required for all transactions above Rs. 50,000. The card’s 10-character alphanumeric code uniquely identifies individuals and is extensively used by authorities to track financial transactions, promoting transparency and preventing tax fraud. Without a PAN card, obtaining a loan can be challenging, as some lenders may refuse to lend without a PAN card.

Despite the common requirement for a PAN card for most transactions and loans in India, some lenders offer instant personal loans without it. Instead, they accept alternate KYC (know-your-customer) documents, providing options for individuals without a PAN card to obtain loans. To learn more about the process of applying for a loan without a PAN card, continue reading below.

Tips to Apply for a Loan Without PAN Card

In situations where individuals may not possess a PAN card yet urgently need financial assistance, understanding the available alternatives and the process to apply for a loan without a PAN card becomes essential. Valuable tips on how to successfully secure a loan without the traditional PAN card documentation are listed below.

Maintain a Good Credit Score: Having a good credit score is crucial when applying for a loan without a PAN card. Lenders often consider the creditworthiness of applicants to assess their repayment capacity. A strong credit score demonstrates responsible financial behaviour and increases the likelihood of loan approval.

Identify Lenders and Loan App Without PAN Card: Research and identify lenders or loan apps that offer instant loans without a PAN card. Look for lenders with a reputation for transparent and efficient loan processing to ensure a smooth borrowing experience.

Check Eligibility: Before applying for a loan without a PAN card, carefully review the eligibility criteria set by the lender. While some institutions might have lenient requirements, others may have specific conditions in place.

Finalise Lender: Compare the lenders and pick the one with the best terms and lowest interest rate. Your choice may also depend on the other terms such as favourable tenure and no-prepayment penalties.

Share Documents: When applying for a loan without a PAN card, it is essential to provide accurate and up-to-date documentation as required by the lender. Submitting incomplete or incorrect information may lead to loan rejection or delays in processing.

Eligibility Criteria for Obtaining a Loan Without a PAN Card

You can avail of an instant loan without a PAN card if you fulfill the following eligibility criteria:

Age: You are only eligible for a loan without a PAN card if you are in the age bracket of 18-57 years. This band might be slightly variable according to various lenders, typically ranging from 18 to 65 years.

A Regular Stream of Income: To qualify, you need a consistent source of income, either through salary or self-employment, ensuring your ability to repay the loan.

Record of Income: Your income must be directly credited to your bank account, allowing the bank statements to serve as proof of your earnings.

Repayment Capacity: If you are a salaried individual, your minimum in-hand salary should be Rs. 13,500 per month. For self-employed individuals, eligibility is granted if your monthly income exceeds Rs. 15,000.

A Good Credit Score: Most lenders seek a credit score above 600, assuring them of your creditworthiness and responsible financial behaviour.

Valid Identity Proof: While the PAN card might not be mandatory, you need to submit other valid identity proofs.

Indian Citizenship: To qualify for a loan without a PAN card, you must be an Indian citizen with valid documentation supporting your nationality.

Documents Required to Apply for a Personal Loan Without a PAN Card

While several loan apps offer instant loans without a PAN card, obtaining them typically requires sharing the following documents:

Valid Photo ID Proof: You can submit a copy of your Voter ID, Passport, Driving License or Aadhaar Card as a valid photo identification.

Address Proof: Voter ID, Passport, Driving License or Aadhaar Card serves as a valid address proof.

Income Proof: To demonstrate your repayment capacity, you will have to provide a copy of your salary credit or primary bank statements for the last 6 months.

Employment Certificate: Provide an employment certificate showing continuous employment for at least a year.

By furnishing these documents accurately and completely, you improve your chances of successfully applying for a personal loan without a PAN card.

Benefits of Applying for a Loan with a PAN Card

Although you can obtain a personal loan without a PAN card, obtaining a loan with a PAN card offers several advantages that streamline the borrowing process and enhance your overall borrowing experience. Here are some of the benefits:

Instant Loan Approval: Having a PAN card significantly improves your chances of instant loan approval, making it a convenient option during emergencies or unexpected expenses.

Paperless Process: With a PAN card, the loan application process becomes paperless, saving you from the tedious process of submitting documents and getting them reviewed.

Faster Processing Time: It reduces the time taken in processing a loan application and also does not require any collateral. The disbursal of the loan is also very prompt, ensuring you receive the sanctioned amount without unnecessary delays.

Lower Interest Rates: Applicants with a PAN card are more likely to secure loans at comparatively lower interest rates when compared to applying without a PAN card, where lenders might charge you a higher rate of interest.


Applying for a personal loan online without a PAN card is possible by providing alternate KYC documents. However, maintaining a good credit score and submitting accurate documentation are essential steps in the process. Non-Banking Financial Companies (NBFCs) typically have more flexible eligibility criteria than scheduled banks. Tata Capital is one such NBFC offering personal loans at favourable terms.

Although a PAN card is not mandatory, having one ensures quicker approval and instills lender confidence in your repayment capacity. While some lenders may still grant loans without a PAN card, it is advisable to obtain one promptly. Applying for a loan without a PAN card should be a last resort. Prioritise acquiring a PAN card to enjoy smoother loan processes and better borrowing opportunities.

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