Avail an affordable loan without PAN card within 24 hours of loan approval
Not every lender offers personal loans without a PAN card, but Moneyview’s partner lenders focus primarily on customer service. If you are looking for an ‘instant loan without PAN card’ or a ‘loan app without PAN card’, look no further!
You can get affordable instant loans without a PAN card through Moneyview. Continue reading to know how you can get a personal loan without a PAN card.
No, a PAN card is not mandatory for getting a personal loan. However, most lenders prefer the PAN card as an identity proof, as it is linked to your financial history. Lenders can easily check your creditworthiness, with your permission, using your PAN.
Here are the major reasons lenders may ask for your PAN -
To check your identity
To check your creditworthiness
To complete the KYC
While a PAN card is considered your primary identity proof document, you can easily get a loan through Moneyview without it.
Our lending partners have a list of documents you can choose from a proof of identity. You can use any of the following documents if you don’t have a PAN card -
Aadhaar Card
Valid Indian Passport
Valid Voter ID
Valid Driver’s License
All you need are other officially valid documents or alternate KYC documents, such as your Aadhaar card, Voter ID, Passport, etc. Read on to learn how to apply, eligibility requirements, and other documents needed.
Here are some benefits of applying for a personal loan online without a PAN card -
People who do not have a PAN card can borrow money quite easily if the lender accepts alternate documents like voter ID, Aadhaar, or Passport.
Digital lenders often have streamlined processes that do not require a lot of documentation. This makes the loan approval process faster, even without a PAN card.
Most online lenders let you complete the loan application process without having to submit hard copies of documents. You can apply for a personal loan without a PAN card 100% online.
If you do not have a PAN card, you can consider pre-approved loan offers. These loans are easy to apply for and do not need to many documents. All in all, you are able to get the funds required faster.
Applying for loans through digital lenders means you do not have to visit a branch or a physical location. This makes the whole process of applying for loans easier for borrowers, especially for those in remote areas.
Some lenders may offer small starter loans or micro-loans without requiring a PAN card. This can be useful for specific needs, such as medical emergencies and short-term expenses.
The documents you need to apply for a personal loan from Moneyview without a PAN card are listed below -
Ensure that your mobile number is linked to your Aadhaar card for KYC verification
Provide a clear selfie taken in a well-lit area
Please Note: The documentation requirements will vary based on your profile. Our lending partners may require proof of address, bank statements, and other supporting documents.
In case proof of address is required, any one of the following documents will suffice -
Aadhaar Card
Valid Indian Passport
Valid Voter ID
Valid Driver’s License
Utility Bills (Electricity, Water, Gas) dated within the last 60 days
Please Note: If our lending partners require proof of income, you must furnish your bank statement for the last three months. This statement must show your salary credits.
Here are some tips and tricks to get a loan without a PAN card -
If you have a good credit score, the documentation requirement will be less. Thus, work on building and maintaining a good credit score and history. Consider paying your credit card bills on time, and never missing EMIs.
There are many online and offline lenders who provide loans without PAN cards. Spend some time researching such lenders and compare them before finalizing one.
Before choosing a lender, check their eligibility criteria. Some lenders might be rigid about the criteria and you may not be able to get a loan without a PAN card. But if they are flexible, you can furnish alternate documents in place of your PAN.
If you already have a relationship with the lender, getting a loan without a PAN card would be possible if you talk to them.
Not having a PAN card can lead to additional documents required and other verifications. Keep all your other documents in order, and be ready to produce them when required.
The main documents you need to apply for a personal loan are proof of identity, address, and income. The PAN card is the most commonly used identity proof, but if you don’t have one, there is nothing to worry about.
You can use any of the listed documents to prove your identity and proceed with the loan procedure as usual. Taking a loan through Moneyview without a PAN card is 100% paperless and hassle-free.
To know more, visit our website or download the Moneyview app.
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