Users can now get up to Rs.50000
personal loan using their PAN card.
Instant loan apps are offering loans in less than 15 minutes, and all you need is your PAN card details and a few basic personal details.
Instant personal loans can be a great way to get cash when you need it, without having to wait for a bank loan to be approved. These instant loans do not require lengthy documentation or days of waiting.
These loans are generally offered by instant loan apps that offer a completely online application process. Applicants just have to fill in a few basic details and
PAN card details to learn of their approved credit limit. Once the credit limit is approved, borrowers can avail how much amount they want to borrow. They will be charged interest only for the amount they use and not on the entire amount.
There are more benefits of getting instant personal loans, that are listed here –
PAN Card loans are processed instantly, generally within 15 minutes
Unsecured loans that can be used for a number of purposes, like wedding, vacation, medical emergency, education, & travel
Fast approvals and instant disbursal into your bank account
Interest rates starting as low as 1.5% per month
Pay interest only on the amount you use and not the entire loan amount
You can get flexible repayment tenure of up to 5 years to repay the amount
Also Read: 10 Basic Rules To Get The Best Deal For Personal Loans
PAN Card Loans – A Snapshot
Loan Amount
Up To Rs.50 lakhs
Interest Rates
Starting at just 1.5% per month
Repayment Tenure
Up to 5 years
Processing Charges
Starts at Rs.150 flat rate on every loan
Providers Of Personal Loans on PAN
EarlySalary, PaySense, CashE, KreditBee, Aditya Birla Capital, Bajaj Finserv