A personal loan is the first source for most people to rely on in case of a financial emergency. However, getting such a small cash loan on Aadhar card without PAN card is not easy. That is because to apply for a short-term personal loan, you need to have a certain set of documents as required by the lending bank or non-banking financial company (NBFC).
So, the question is ‘Is it even possible to get a personal loan without a PAN card?
Your PAN card is an important and mandatory document for identity proof for most loans. However, some online loan-providing apps and portals do offer small cash loan on Aadhar card without PAN card. Some of these are Navi, Moneyview, etc. All you need is alternate officially valid documents, such as your Aadhaar card, Passport, Voter ID, etc.
In this article, we have covered everything you need to know about how to apply for, the eligibility requirements, and the documents needed for a personal loan without a PAN card.
Small cash loans are a type of personal loan extended by banks and NBFCs to help borrowers meet their short-term financial requirements. These instant short-term loans are unsecured and do not require you to pledge collateral. The loan amount can be used for various purposes, including but not limited to travel expenses, medical emergencies, house repair, a gadget purchase, a wedding, etc.
Below are some of the features of small cash loans:
Below is the list of some lenders that offer small personal loans without PAN card:
You can follow the steps given below to apply for a small cash loan on Aadhaar card without a PAN card:
You will only have to provide your Aadhaar card details to avail of a small cash loan on Aadhaar card without a PAN card. Your Aadhaar card acts as a legal document for e-KYC verification done by the lender. Some lenders may also ask for additional documents, such as salary slips, bank statements, etc. as per their policy.
Here are the basic eligibility criteria for a small cash loan on an Aadhaar card without a PAN card:
Age: The applicant should be aged between 21 and 65 years.
Nationality: The applicant must be an Indian resident.
Employment: Salaried employees as well as self-employed individuals can apply for these loans.
Bank credit: The applicant must be receiving their income directly to their bank account.
Income: Applicants must have an in-hand income of at least Rs. 15,000 per month.
CIBIL score: A minimum credit score of 600 or more is mandatory
Any unexpected financial requirement can be stressful. However, with an instant loan on an Aadhaar card, you can mitigate this stress. It is one of the most convenient and easier options to get funds instantly anywhere, anytime. So, don’t wait any longer! Apply for a small cash loan on an Aadhaar card now.