Personal Loan Without PAN Card 2024 Eligibility, Features, Benefits, Apply Online In India, the Permanent Account Number (PAN) card is an important identification document used for financial transactions, tax purposes and more. It acts as a unique identifier, helping authorities track and manage financial activities. Life often surprises us with unexpected turns, and let’s face it, we all need a little financial help sometimes. But what if you need cash immediately, and you don’t have a PAN card? No need to worry! In India, there are many ways to get a loan of ₹10,000 even without this essential document.
Not having a PAN card can restrict your access to certain financial services including loans. While, in certain cases, you can still find ways to get a loan, such as instant ₹10,000 loan even without PAN card. Many Indian financial institutions offer instant ₹10,000 loan without PAN card. These loans are ideal for unexpected expenses or urgent needs. So, have you ever been in a situation where you need an instant ₹10,000 loan but don’t have a PAN card? We are here to help! No fancy tricks are required – just a few simple tips that will help you get an instant ₹10,000 loan even without a PAN card in a hassle-free manner. Read on to know the simple way to grow your money.
Tips to Get an Instant 10,000 Loan Without a PAN Card
- Maintain a good credit score: A strong credit history assures lenders of your financial stability, increasing the chances of loan approval.
- Choose a reputable lender: Research and select a reliable financial institution with competitive interest rates and transparent policies.
- Provide alternate identity proof: Aadhaar card, voter ID or driving license are acceptable options for PAN card.
- Apply online: Most online lenders offer a quick and convenient application process, often with instant approval decisions.
Interest Rates and Charges for 10,000 Loan Without PAN Card
The interest rates for loans without PAN card are higher than those with PAN card. Typically, they range between 12% and 25%. Don’t forget to ask about additional charges like processing fees and prepayment penalties before applying.
Eligibility Criteria For Instant Loan of 10,000 Without PAN Card
- You are eligible to avail a loan without a PAN card only if you are between 18-57 years of age. This band can be a little variable according to various lenders, mainly between 18 to 65 years.
- To qualify, you need a steady source of income either through salary or self-employment, which assures your ability to repay the loan.
- Your income should be deposited directly into your bank account, so that the bank statement can act as proof of your income.
- If you are a salaried individual, your minimum salary should be Rs 13,500 per month. For self-employed individuals, eligibility is granted only if your monthly income is more than Rs 15,000.
- Most lenders want a credit score above 600, which assures them of your creditworthiness and responsible financial behaviour.
- While a PAN card is not necessary, you will need to see other valid identity proofs.
- To qualify for a loan without PAN card, you must be an Indian citizen with valid documents supporting your nationality.
Features and Benefits of Personal Loan
- Flexible loan Amount
- Collateral loan Amount
- Multipurpose
- Competitive interest rate
- Convenient loan tenure
Documents Required
- Valid Photo ID Proof
- Address Proof
- Income Proof
- Employment Certificate
How to Apply for an Online Instant Loan of 10,000 Without a PAN Card?
- First of all, visit the lender’s website or app.
- After this, select the loan amount and tenure.
- After this, fill in your basic details and contact details.
- After this, upload your KYC documents (Aadhaar card, voter ID, etc.).
- And submit your application and wait for approval.
- After getting approval, the loan amount will be transferred directly to your bank account.
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