Your PAN card is an important ID proof and is requested in a lot of cases including during loan sanctions. However, you can still avail an instant loan without a PAN card from Money View.

Personal Loan without PAN Card

One of the most sought after personal loan providers in the country, Money View offers affordable loans at flexible repayment terms to customers with minimal documentation. And through Money View, you can easily avail an instant loan without a PAN card.

How to Apply for Online Loan without PAN Card

Follow the steps given below to easily get a personal loan without PAN card from Money View -

Check your eligibility

Visit the Money View website or loan app. Provide the required details and we will let you know your eligibility in 2 minutes.

Choose your loan plan

Based on the options provided, select the loan amount and repayment term of your choice

Upload required documents

Upload all of the necessary documents online for verification

Loan transfer to your bank account

Post verification and submission of loan agreement, the loan amount will be credited to your account within 24 hours

Note -

  • After your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to Money View
  • This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without the need for any manual intervention
  • On receiving your NACH form, you will need to review the loan agreement on the app. Please submit the application after reviewing all the terms and conditions thoroughly

Eligibility Criteria for Online Loan without PAN Card

Now that you know how easy it is to apply for an instant loan without a PAN card, you need to check if you fulfill the eligibility criteria given below -

  • Applicants must be between 21 years and 57 years
  • Applicants must receive an income of Rs. 13,500 or more*
  • Income must be credited directly to the applicants’ bank account
  • Credit score must be a minimum CIBIL score of 600 or minimum Experian score of 650
Income and Credit Score Eligibility Criteria*
Salaried Individuals Minimum In-Hand Income Area of Residence CIBIL Credit Score Requirement
Rs 13,500 Any CIBIL Score of 600 /Experian Score of 650 and above
Rs 20,000 Mumbai/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
Rs 15,000 Metro City other than Mumbai and NCR CIBIL Score of 600 /Experian Score of 650 and above
Self-Employed Individuals Rs 15,000 Any CIBIL Score of 600 /Experian Score of 650 and above

For Self-Employed Individuals

  • Applicants must have a minimum In-hand income of Rs. 15,000 per month
  • Income must be directly credited to the applicants’ bank account
  • A minimum CIBIL score of 600 or more or Experian score 650 or more
  • Applicants must be between the ages of 21 years and 57 years

Documents Required for Online Loan without PAN Card

We understand that not everyone will be able to submit a PAN card as ID proof, however at Money View, we offer other alternatives as given below -

Identity Proof Address Proof Income Proof
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice)
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
Any 1 of the following -
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
  • Utility Bills (Electricity, Water, Gas) dated within the last 60 days
Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits
OR
Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

However, if you are able to furnish your PAN card, it will be accepted as an officially valid document (OVD) for proof of identity.

Interest Rates and Charges for Online Loan without PAN Card

As mentioned previously, we focus on ensuring affordable loans for all our customers. Take a look at our fees and charges below -

Fees and Charges Amount Chargeable
Interest Rate Starts from 1.33% per month
Loan Processing Charges Varies from 2% to 8% of the approved loan amount. The processing fee is deducted upfront from the approved loan.
Interest on Overdue EMIs 2% per month on the overdue EMI/Principal loan amount.
Cheque Bounce Rs.500/- each time.
Loan Cancellation
  • No additional/hidden charges levied.
  • Processing fees will also be retained.

In Conclusion

While your PAN card is an important proof of your identity, there may be circumstances wherein you are unable to provide the same. Therefore, at Money View, alternate documentation options are provided. So if you are typing ‘loan app without PAN card’ trying to find a personal loan that does not require a PAN card, then visit the Money View website or download the app to apply now!

Loan without Pan Card - Related FAQs

Given below are some of the reasons that sets Money View apart from other lenders -

Quick Eligibility Check

Find out your eligibility within just 2 minutes from the Money View website or download the app.

Choose Your EMI Amount and Tenure

Based on your eligibility you can choose a loan amount of upto Rs. 5 lakhs and repayment tenure of up to 5 years

No Collateral Required

Money View personal loans do not require a guarantor, collateral, or security of any kind

Minimal Documentation

All we require are your 3 documents - ID proof, address proof, and income proof

Loans for Low Credit Score Applicants

The minimum CIBIL score of 600 or Experian score of 650 is necessary

Completely Online

The entire process from application to disbursal is quick and hassle-free

Instant Disbursement

Once approved, your loan amount will be credited to your account within just 24 hours!

The good news about personal loans is that it can be used for a variety of reasons such as -

  • Emergency Expenses
  • Debt Consolidation
  • To Repay Credit Card Dues
  • Business Ventures
  • Home Remodeling
  • Dream Vacations
  • Fund Education
  • Buy a Gadget
  • Down Payment for other Loans
  • Servicing or Modifying your vehicle

Yes, you can. At Money View, we use a unique algorithm to determine our applicants’ creditworthiness. Therefore all those with Experian scores above 650 can avail personal loans from us.

Yes, you can. While your PAN card is considered to be primary ID proof, if for any reason you are unable to submit this, you can provide your Aadhaar card.