Personal Loan

How to Get A Personal Loan Without PAN Card


When participating in high-value financial transactions such as purchasing a car or home, making investments in the stock market, or asking for a loan, one is required to provide a PAN card, which is an essential document. Because it keeps track of all financial transactions, it is important to follow the rules about taxes. This is to stop people and businesses from trying to avoid paying taxes.

If a borrower has a PAN card, it is easier for lenders to evaluate their risk profile, creditworthiness, and whether or not they will be able to return the loan on time. Your Permanent Account Number (PAN) card is a very important piece of identification that you need in many different situations, like when you can’t borrow money. Nevertheless, you can apply for a speedy loan even if you do not have a PAN card.

Personal loans are a type of unsecured loan that doesn’t need collateral and has a reduced paperwork requirement compared to secured loans. Verify the legitimacy of any potential loan providers if they are willing to lend to you without seeing your PAN card. 

Ways to get a personal loan without a PAN card

If you want to get a personal loan, you have to show your PAN card as part of the application process. This is because tax laws require it. The standards for this have been imposed by financial lenders. If the amount of the personal loan is low, say anything that is less than 50,000 rupees, it is possible to receive a personal loan without giving a PAN card. This is the case in India. But, as per the needs of the vast majority of financial institutions, the PAN card must be shown. When applying for a personal loan, using the PAN card number is acceptable even if the applicant has misplaced their PAN card.

What to do if you want a loan without a PAN Card?

If you need a personal loan without a PAN card or any other type of loan, credit card, or another financial instrument in India, you’ll need a PAN card.

  1. Applying for a PAN card can be done in two different ways: offline and online. The procedure is very easy and won’t use too much of your time.
  2. Applying for a new PAN card online can be done through either the NSDL or UTIITSL portals.
  3. A new PAN card costs Rs 94 (not including GST), and you can pay for it using any major debit/credit card or online banking service.
  4. To apply for a PAN card offline, you’ll need to grab a copy of Form 49A either from NSDL or UTITSL, fill it out, and drop it off at your nearest PAN service center.
  5. You can also have a close relative apply for a personal loan on your behalf if they have a PAN card, a high credit score, and a reliable source of income. If this is the case, the family member will be responsible for making payments.

How to Get a Personal Loan Without a PAN Card Right Away?

Most lenders need applicants to provide their Aadhar card and permanent account number to qualify for a fast personal loan. Personal loans without a PAN card would face raised scrutiny. 

Until you get your new PAN card, here are some things to keep in mind:

  1. An Excellent Credit Report

If a borrower doesn’t have a PAN card, lenders may be hesitant to give them credit as they don’t know about their income and expenses. Having a high credit score is one of the finest ways to know about reliability. If your credit score is over 750, you can be confident in your ability to make and keep financial commitments. If your credit score is low, you can raise it by paying on time, paying off your balances, and keeping your utilization ratio below 30%. Also, you should check your credit report for any mistakes. 

  1. Reduced debt to income

The debt-to-income (DTI) ratio shows if your current income is enough to pay off all of your debts, including those you have now and those you owe from the past. You can still prove your credibility and ability to repay the loan even if you don’t have a PAN card by keeping your debt-to-income ratio below or equal to 50%.

  1. Solid History of Communication With The Lender

If you are already a client, lenders may extend credit to you even if you do not have a PAN card. Further, it will be of your help if you have a solid credit history.

  1. Please Provide a Copy of Your Bank Statement

Your bank statement might be helpful for lenders to review your financial history and make a lending decision. It also shows your monthly income and expenses, as well as any payments you make. Lenders will still need proof of income in the form of a bank statement or pay stub if you don’t have a PAN card.

  1. Pay with your Aadhar cardSince your Aadhar and PAN cards are linked and serve as the foundation of your KYC verification, you can submit either one.


When you’re in a financial crisis, a personal loan might be a lifesaver. There are other ways to apply for a loan besides a PAN card. Before applying for a loan, you need to make sure you meet the lender’s requirements. Personal loans without a PAN card may not be available from all lenders, even if you meet their needs. PAN card applications can be submitted electronically or manually and can help people obtain personal loans with less red tape. You can get a loan quickly from a relative who has a PAN card if you need financial help.

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