Can You Apply for an Instant Personal Loan Without a PAN Card

A PAN card is a necessary and typical identifying document in India that allows residents to confirm their identities. It can be helpful in a variety of circumstances, such as applying for a loan or credit card, starting a bank account, or investing in mutual funds. When seeking a loan, a PAN Card is considered as proof of identity. Most financial institutions ask for a PAN card to process loan applications exceeding Rs. 50,000.

However, certain lenders still facilitate personal loans and other forms of credit without a PAN card. Instead of relying on PAN,  they ask for alternative KYC documents such as an Aadhaar Card, Passport, driving license, among others, for verification. Continue reading to discover how to secure a loan without possessing a PAN card.

Getting a Personal Loan Without a PAN Card

Although a PAN card is often accepted as your primary identity evidence, you can still obtain loans without one. You can pick from a variety of documents to get an instant loan. The key lies in providing other legally recognised documents or alternative KYC documents. If you don’t have a PAN card, you can use any of the following documents:

  • Aadhaar Card
  • An Authentic Indian Passport
  • A Valid Voter ID
  • A Driver’s Licence

Address Proof: You may provide any of the following as verification of your address:

  • Aadhaar Card
  • Driver’s License
  • Voter ID
  • Passport
  • Utility Bills such as electricity, water, gas, landline connection,etc. that not older than 3 months

Income proof: Bank statements for the last three months that show your salary credits.

Requirements for Online Loans Without a PAN Card

The prerequisites for obtaining a loan without a PAN card include:

  1. Indian Citizenship: You should be a citizen of India.
  1. Aadhaar Card: Possession of an Aadhaar card is mandatory.
  1. Age Requirement: You must be a minimum of 18 years old.
  1. Bank Account: You should have an active personal bank account.
  1. Linked Mobile Number: Your mobile number must be linked to your Aadhaar card.
  1. Consistency in Details: Your personal information should match across all your documents.
  1. Income Source: You must have a source of income, with a minimum monthly income of Rs 15,000.
  1. Credit Score: A CIBIL score of 750 or higher is preferred.

These are the essential conditions one must meet when applying for a loan without a PAN card.

Applying for an Instant Loan Without a PAN Card

To apply for an online loan without a PAN card, follow these steps:

  1. Review the eligibility requirements of different lending institutions.
  1. Identify a lender that provides loans without the need for a PAN card. Some loan apps offer quick online loans without PAN card requirements.
  1. Examine the associated fees and costs for obtaining the loan.
  1. Select your desired loan amount and repayment duration.
  1. Complete the application process either online or through traditional means, ensuring you have the necessary documents.
  1. Upon approval, receive the loan amount directly deposited into your bank account.

Interest Rates on Loans Without a PAN Card

A loan without a PAN will probably result in a higher interest rate because it is an unsecured loan, and the lender is taking a large risk. The interest rates for personal loans in India often range from 10% to 25%, although they can vary from lender to lender. They are entirely dependent on your eligibility, including your credit score, income, and other considerations.

Tips for Obtaining an Instant Loan Without a PAN Card

Here are some tips to get a loan without your PAN card.

  1. Maintain a robust credit score.
  2. Provide bank statements for the lender’s financial assessment.
  3. Furnish utility bills and alternative identity proofs in lieu of a PAN Card. Some lenders may accept these based on their eligibility criteria. Certain lenders even offer small cash loans with an Aadhar card when a PAN Card is unavailable.
  4. Explore lenders with more flexible eligibility criteria. Consider loan apps that don’t ask for a PAN Card.
  5. Submit a certificate of employment demonstrating at least a year of continuous employment.

Approach an NBFC or Online Lender

You can apply with an NBFC or an online lender to obtain a personal loan without a PAN card. It is simple to obtain a loan without a PAN card in India because the majority of lenders use data-driven algorithms to evaluate loan applicants’ creditworthiness. Compared to traditional banks, NBFCs and online lenders have more straightforward eligibility requirements.

Online lenders are becoming popular in the Indian loan market since they also provide instant disbursals. One such reputable online platform is Fibe. Fibe offers a user-friendly and secure instant personal loan app that simplifies the loan application process, making it accessible via smartphones. The interest rates are also quite competitive. So, you can avail your desired loan conveniently. Since the processing and disbursal time is very less, you shall get the loan instantly.


In order to apply for a personal loan online without a PAN card, you must submit alternative KYC documentation. Keeping a high credit score, and providing accurate documentation are crucial. Compared to scheduled banks, non-banking financial companies (NBFCs) often have more flexible terms and conditions. You can reach out to a good online lender and avail a loan to meet your financial requirements.

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