{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/personal-loan\/how-to-get-a-personal-loan-on-pan-card\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/personal-loan\/how-to-get-a-personal-loan-on-pan-card\/","headline":"How to Get a Personal Loan with PAN Card","name":"How to Get a Personal Loan with PAN Card","description":"Dealing with unexpected expenses can be difficult. Instead of dipping into your savings, consider opting for an instant personal loan. Whether it is urgent home renovations or medical emergencies, a personal loan can provide you with financial support for a wide variety of expenses.  With the ease of digital processes, getting a personal loan has...","datePublished":"2024-09-04","dateModified":"2024-09-04","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/#Person","name":"IndusInd Bank","url":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/pan-card-kyc-documents-min.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/pan-card-kyc-documents-min.jpg","height":288,"width":764},"url":"https:\/\/www.indusind.com\/iblogs\/personal-loan\/how-to-get-a-personal-loan-on-pan-card\/","about":["Personal Loan"],"wordCount":1352,"articleBody":"Dealing with unexpected expenses can be difficult. Instead of dipping into your savings, consider opting for an instant personal loan. Whether it is urgent home renovations or medical emergencies, a personal loan can provide you with financial support for a wide variety of expenses. With the ease of digital processes, getting a personal loan has become simpler than ever. If you are wondering whether you can get a personal loan with your PAN card and KYC documents, the answer is yes. Here\u2019s a guide on the same, along with other aspects of getting a personal loan.Can You Get a Personal Loan with a PAN Card and KYC Documents?Yes, you can get a personal loan with your PAN card and KYC documents. These documents are crucial for verifying your identity and financial status. When you apply for a personal loan, your PAN card is used to check your credit history and tax details. KYC documents like Aadhaar, voter ID, or passport validate your identity and address. Banks require these documents to comply with regulatory norms. It also helps the bank ensure the authenticity of the loan application. While you need KYC documents and a PAN card to apply for a loan, they may not be the only documents needed. The bank may request additional documents to assess your eligibility and repayment capacity.What Other Documents Are Required for a Personal Loan Application?Besides your PAN card and KYC documents, you will require the following documents for a personal loan:1. Income ProofSalaried employees must provide the latest salary slips for the last three months and Form 16\/ITR for the previous three years. Self-employed individuals will need to submit the last three years’ Income Tax Returns (ITR). 2. Bank StatementsSalaried people must submit bank account statements for the last three months which show their salary credit. Besides bank statements of their savings account, self-employed people will also need to provide their current accounts\u2019 bank statements. 3. Employment ProofMany banks require the applicant\u2019s employment details. So, depending on the bank, you will need to provide an employment certificate or appointment letter. Self-employed individuals can provide documents that verify their employment.4. Application Form and PhotographsAlong with the above documents and the PAN card for your loan application, you must provide the filled-out application form and passport-sized photographs.Eligibility Criteria for a Personal LoanIf you are planning to apply for an Instant Personal Loan with IndusInd Bank, you must check the eligibility criteria first: 1. AgeThe applicant\u2019s minimum age should be 25 years and the maximum age at loan maturity should be 60 years. 2. IncomeApplicants must meet the minimum income requirement as specified by the bank. Salaried people must have a minimum monthly income of \u20b9 25,000. For self-employed individuals, the minimum annual net income must be \u20b9 4.8 lakhs. 3. Employment StatusSalaried employees must have a minimum of two years of work experience. They should have worked for at least a year in their current organisation. Self-employed individuals must have a minimum of four to five years of post-qualification experience. 4. Credit ScoreA good credit score is crucial. A credit score of 730-780 is considered as good for a personal loan application. Also Read: Personal or Business Loan- Which One Will Best Suit Your NeedsHow to Apply for a Personal Loan?Wondering how to apply for a loan online with a PAN card? With IndusInd Bank, the process takes just four easy steps:1. Fill out the online application form with your personal and financial details.2. Receive loan offer based on the information you provide. 3. Complete your virtual KYC (Know Your Customer) verification. 4. Sign the loan contract digitally. The bank will review your loan application. After the approval, the bank will complete the loan amount disbursal directly into your bank account. ConclusionGetting a personal loan with a PAN card and KYC documents is not only possible but also quite simple, especially with IndusInd Bank. Ensure to meet the eligibility criteria and submit the required documents to enjoy the benefits of an instant personal loan. If you are ready to take the next step, visit IndusInd Bank\u2019s website and start your application today. Enjoy quick approval and disbursal, competitive interest rates, no collateral requirement, and more. To make your loan repayment easier, use our Personal Loan EMI Calculator and have clarity on your potential EMI amount.Apply now for a Personal Loan with IndusInd Bank! Disclaimer:The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct\/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information. Share This:"}