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Yes, the PAN card is mandatory for LRS. On June 2019, the RBI made norms under the liberalized remittance scheme stricter by making the Permanent Account Number (PAN) compulsory even for transactions under $25,000.

Check The Validity Of Your PAN Card With The Following Steps

Yes, you can very much get a loan without a PAN card.  PAN card is, of course, a necessary document while applying for loans. PAN card allows lenders to determine your financial status, repayment capacity and any kind of defaults in the past. 

The PAN card is an important document in India. It is issued by the income tax department and serves as an identity proof.

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