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Rs. 40,000 - Rs. 55 lakh
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A personal loan can help manage planned expenses, urgent bills, travel costs, weddings, or medical emergencies without disturbing long-term savings. Today, many borrowers prefer a pan card loan because the application process is simple, fast, and requires minimal documentation. If someone is searching for how to get loan on PAN card, the process usually starts with basic identity verification and online eligibility checks. A PAN card helps lenders review credit-related details quickly, making approvals faster and more convenient. Depending on eligibility, borrowers can apply for loan amounts ranging from Rs. 40,000 to Rs. 55 lakh with flexible repayment tenures from 12 months to 108 months and competitive interest rates.
Check offer in 2 steps and discover how this simple document can get you approved for a personal loan within minutes.
When you apply for a personal loan, PAN card-based verification plays a absolutely crucial role in the approval process. Most banks and NBFCs (Non-Banking Financial Companies) consider it a mandatory document during the loan approval process. It helps establish your complete credit profile, allowing lenders to assess your eligibility accurately and offer you the best possible terms.
How does a PAN card help in getting a personal loan?
A PAN card helps lenders verify a borrower’s identity, financial records, and credit history during the personal loan application process. It also speeds up verification and reduces paperwork. Many lenders use PAN-based checks to process pan card loan applications quickly and offer eligible borrowers faster approvals with minimal documentation.
Why is a PAN card important for a loan?
A PAN card is an important document in the personal loan application process because it helps lenders verify a borrower’s identity and financial background quickly. It is linked to bank accounts, credit cards, investments, and previous loans, giving lenders a better understanding of the applicant’s credit behaviour.
Lenders use PAN details to access credit reports and CIBIL scores from authorised credit bureaus. This helps them evaluate repayment history, existing liabilities, and overall eligibility before approving a personal loan.
If the PAN-linked financial records show timely repayments and a stable credit profile, it may improve the chances of getting faster approval for a personal loan with minimal documentation.
How to apply for a personal loan with a PAN card?
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Getting a personal loan with your PAN card is incredibly simple and can be completed entirely online. Here is the detailed, step-by-step procedure for applying for a Bajaj Finserv Personal Loan:
- Click on ‘CHECK ELIGIBILITY’ on this page.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the offer or loan amount that you need. Choose from our personal loan variants.
- Choose the repayment tenure and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will contact you for further steps.
Eligibility criteria for personal loan with a PAN Card
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The eligibility criteria for a personal loan can differ from lender to lender, but most follow similar basic requirements. You must thoroughly check the specific criteria of each lender before opting for any loan to avoid disappointment.
Anyone can apply for a personal loan if they meet these five essential criteria listed below:
- Nationality: Indian
- Age: 21 years to 80 years.
- Employed with: Public, private, or MNC.
- CIBIL Score: 650 or higher.
- Customer profile: Self-employed or Salaried
*You should be 80 years or younger, at the end of the loan tenure.
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Documents required to apply for a personal loan using a PAN card
- KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
- Phone bill
- Real-time image / photograph
- Ration card
Check your eligibility for personal loan using just mobile number and OTP – 100% online process.
Interest rate on personal loan with a PAN Card
Before starting your loan application, it's crucial to check the current personal loan interest rates and make a comprehensive note of all the associated charges with the loan. This helps you plan your repayment comfortably and avoid any surprises later.
Factors that affect your interest rate:
- Credit score: Higher scores (750+) typically get rates 2-4% lower than average
- Income level: Higher, stable income can qualify you for premium rates
- Employment type: Government employees and MNC employees often get better rates
- Loan amount and tenure: Larger amounts for shorter tenures may get better rates
- Existing relationship: Existing customers often get preferential pricing
Smart calculation tool: You can use our comprehensive interest calculator to get a detailed breakdown of your loan repayment in terms of principal and interest components. This helps you understand exactly how much you'll pay over the entire loan tenure.
Pro tip: Even a 1% difference in interest rate can save you thousands of rupees over a 5-year loan tenure. It's worth comparing offers from multiple lenders
How much personal loan can you get with a PAN card?
The loan amount you can get with your PAN card depends on several key factors that lenders carefully evaluate:
- Credit score
A good CIBIL score, usually 685 or above, may improve the chances of getting an instant loan on PAN card with better terms and competitive interest rates. Higher scores often reflect responsible credit behaviour and stronger repayment capacity. - Monthly income
A stable monthly income helps lenders assess repayment ability. Higher and consistent income may improve eligibility for larger loan amounts, depending on existing financial obligations and lender policies. - Age and employment stability
Lenders generally prefer applicants between 21 years and 80 years with stable employment or regular business income. A steady work history may positively impact personal loan approval chances. - Existing financial obligations
Current EMIs, credit card dues, and other liabilities are considered during evaluation. Lower debt obligations may improve the possibility of qualifying for a higher loan amount. - PAN card verification
A PAN card helps lenders verify identity and review credit-related details quickly. This makes the application process for an instant loan on PAN card smoother and more convenient.
Features and benefits of a personal loan
Here are some of the additional features and benefits of getting a personal loan:
No collateral needed: There is no requirement for collateral as personal loans are unsecured forms of lending, therefore you are not required to pledge any of your precious possessions as security.
Quick disbursal: Once your loan application is approved, you can have the funds in your bank account in as little as 24 hours in most cases.
Multipurpose use: You can use it to pay for your home renovation or higher education, or even cover unexpected medical costs.
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee | Applicable charges |
Rate of interest per annum | 10% to 30% p.a. |
Processing fees | Up to 3.93% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge | Term Loan – Not applicable Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes) |
Bounce charges | Rs. 700 to Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
Part-prepayment charges | Full Pre-payment:
Part Pre-payment
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Penal charge | Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges | Term Loan: Not applicable Flexi Term (Dropline) Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.
Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure |
| Credit guarantee scheme fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year. *Renewal Fee to be collected only for 3 subsequent financial years. **If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated. |
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Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000