Exclusive : Can I Apply For a Personal Loan Without Pan Card in 2023

Are you in urgent need of a personal loan but do not have a PAN card? Fret not! You can still avail of an instant personal loan in India without the need for crucial documentation like a PAN card. While a PAN card is typically necessary for loan approvals, there are other ways to secure a loan without it. This article can guide you on how to apply for an instant personal loan without pan card in India with minimal paperwork and at low-interest rates, even if you do not possess an Aadhar card. So, if you want to know more about obtaining personal loans without a PAN card or an Aadhar card, read on.

Personal Loan Without PAN Card is it possible

As mentioned earlier, obtaining an instant personal loan without income proof can be done through various means. One way is to approach lenders like Navi, Loaney, Money View, etc., who offer customers affordable loans, flexible repayment options, and require minimal paperwork. Moreover, these lenders provide the option to apply for an instant loan without a PAN card. Also Read: Top 5 Reasons Why is it Important to Have Travel Insurance?

How To Apply For an Personal Loan Without PAN Card online

You must be qualified to apply for an online loan without a PAN card. To do that, determine if you possess the following:

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Check Your Eligibility

The first thing you should do is check the lender’s website or mobile app. After giving the necessary information, they will quickly inform you of your eligibility.

Choose Your Loan Plan

You can choose your loan amount and repayment term after determining your eligibility using the options offered.

Upload Required Documents

You must online upload each required document for verification after the loan term.

Loan Transfer To Your Bank Account

The loan amount will be credited to your account if selected and qualified within 24 hours of loan agreement verification and submission.

Important Points to Remember before applying for personal loan without pan card:

  1. After verifying your documents, you must print, sign, scan, and return a NACH form to the lender’s website.
  2. By completing this step, the auto-debit feature from your bank account will be enabled, enabling you to automatically pay your EMIs on time without any manual intervention.
  3. Once you have your NACH form, you must review the loan agreement on the app. Please apply after carefully reading the terms and conditions. Also Read: Top 10 Best Life Insurance Policy in India, Compare the Company!

Eligibility Criteria For Online Loan Without PAN Card

Exclusive : Can I Apply For a Personal Loan Without Pan Card in 2023

To qualify for an instant loan without an Aadhar card, you must be a citizen of India
It is required that the candidates be between 21 and 57 years old.
The applicant’s income must be credited at least Rs to their bank account. 13,500.
A minimum CIBIL credit score of 600 or an Experian credit score of 650 is required.

 Salaried Individual
Minimum In-Hand IncomeArea of ResidenceCIBIL Credit Score Requirement
 Rs. 13,500 AnyCIBIL Score of 600 /Experian Score of 650 and above
 Rs. 15,000 Metro City other than Mumbai and NCRCIBIL Score of 600 /Experian Score of 650 and above
Rs. 20,000Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)New to Credit or CIBIL Score of 600 /Experian Score of 650 and above
 Self Employed Individual

 Rs. 15,000

 CIBIL Score of 600 or an Experian Score of 650 or higher

For Self-Employed Individuals

The Candidates must have a minimum monthly in-hand income of Rs. 15,000.
The applicant’s bank accounts must receive direct deposits of their income.
A minimum Experian score of 650 or higher or a CIBIL score of 600 or more
Candidates must be between the ages of 21 and 57.

Documents Required For Online Loan Without PAN Card And Benefits Of Applying For Loan With PAN Card

Not everyone will be able to submit a PAN card as identification, but many lenders offer other options on their websites, as listed below:

Identity ProofAddress ProofIncome Proof
The primary ID proof required is a PAN card. However, any one of the legally acceptable documents listed below will do if it is rejected for image quality issues or another reason)Valid Aadhaar CardValid Indian passportValid Voter IDDriving LicenseAny 1 of the following -Aadhaar CardValid Indian PassportValid Voter IDValid Driver’s LicenseUtility Bills (Electricity, Water, Gas) dated within the last 60 daysSalaried Applicants – Last 3 months’ bank statements of your salary account in PDF format showing salary creditsORSelf-Employed Applicants – Last 3 months’ bank statements in PDF format if you are self-employed

However, your PAN card will be recognised as an officially valid document (OVD) for identity proof if you can present it.

Interest Rates and Charges for Online Loans Without PAN Card

As previously mentioned, we emphasise ensuring that all our customers can afford the loans. Therefore, listed below are our fees.

Fees And ChargesAmount Chargeable
Interest Rate                   Begins at 1.33% per month.
Processing FeesVaries from 2% to 8% of the approved loan amount. The processing fee is deducted upfront from the approved loan.
Interest In Overdue EMI’s2% per month on the outstanding principal loan amount or EMI.
Cheque BounceRs.500/- each time.
Loan CancellationNo extra or unforeseen fees were assessed.Additionally, processing charges will be kept.

FAQs: Apply For a Personal Loan Without Pan Card

Below are some of the commonly asked questions regarding the process of obtaining an instant personal loan without a PAN Card, considering that the application process may not be straightforward:

Can I submit my aadhaar card as ID proof if we don’t have a PAN card?

If you don’t have a PAN card but have valid proof of identity (PoI) like a passport, voter ID card, etc., you can apply for an Aadhaar card. Along with this, you also need to provide a valid proof of address (PoA) like a passport, bank statement, voter ID, driving license, etc.

Can I get an education loan without a PAN?

Absolutely! Even if you don’t have a PAN card, you can still apply for a student loan. You can submit a copy of your passport or Aadhaar card as your photo identity proof.

Can I take personal loan without a PAN card to buy mobile phone?

Although PAN is necessary for monitoring financial transactions and preventing fraud, certain lenders do offer loans without requiring a PAN card. However, in most cases, it is not possible to apply for a loan without providing your PAN.


In case you are unable to provide your PAN card, which is an essential identity document, some lenders offer alternative documentation options on their website. To apply for a personal loan without PAN card, you can visit the lender’s website or download their app by searching for “loan app without PAN card.”

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