Getting ₹20,000 loan has now become more accessible for individuals having a PAN card. The Permanent Number Account (PAN) card issued by the Government of India makes the identification process easier and faster helping you get quick access to funds.
Avail a ₹20,000 loan on a PAN card at competitive interest rates and get personalised loan terms. Read more to understand how you can get a ₹20,000 loan on a PAN card.
PAN Card Loan of ₹20,000 Without Documents
You can get a quick loan of ₹20,000 online using just your PAN Card and Aadhaar. Many online lenders offer loans with very few documents. By using e-KYC and verifying your documents online, you can get your loan instantly. Just make sure to read the specific terms and conditions of the lender for better understanding.
Most lenders offer small loan amounts with PAN card as a document for verification, as it simplifies the documentation process. The approval criteria and loan terms may differ from one lender to another and will be based on your creditworthiness, financial capabilities and more.
Thoroughly research for proper lenders online and offline before availing a PAN card loan to understand their specific requirements and make good financial decisions.
Looking for an Instant Loan of ₹20,000?
The eligibility requirements for availing a ₹20,000 loan on PAN card are:
Nationality | Indian |
PAN Card | Must be issued by the Income Tax Dept. |
Age | 18 - 60 years of age |
Credit Score | 650 above |
Minimum monthly income | ₹15,000 (May differ from lender to lender) |
Work Experience | At least 2 years of work experience. |
Lenders often charge you an interest rate and fees for the loan application and processing. These are processing fees, documentation charges, stamp fees, and more.
In the table below we have provided an overview of the banks and NBFCs offering PAN card loan ₹20,000with their interest rates and processing fees:
Banks/NBFCs | Interest Rate % | Processing Fee |
---|---|---|
ICICI Bank | 10.65% - 16.00% p.a. | 0.50% - 2.00% |
Bajaj Finserv | 11.00% - 38.00% p.a. | Up to 3.93% |
KreditBee | 10.00% - 24.00% p.a. | Up to 6.5% |
Aditya Birla Finance | 13.00% - 28.00% p.a. | 0.05% - 3.00% |
Muthoot Finance | 14.00% - 22.00% p.a. | 2% - 4% |
HDFC Bank | 10.75% - 24.00% p.a. | Up to 2.5% |
SMFG India Credit (Fullerton) | 11.99% p.a. onwards | 0% - 6% |
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Note: The above mentioned rates are subject to change with the finance market and differ marginally with the respect to the individual banks.Not sure of your credit score? Check it now!
Different lenders will require a specific set of documents to determine your credibility for the loan, these documents may include the following:
PAN Card | A valid PAN card as primary document. |
---|---|
Identity proof | Voter’s ID, PAN card, Passport, Driver’s licence, etc |
Address proof | Electricity bill, Telephone bill, Rental agreement, etc. |
Income proof | Salary slips, Bank account statements, Business tax returns, etc. |
Know your Equated Monthly Instalment(EMI) before taking a loan! Use our online EMI calculator for quick estimates. Just enter the loan amount, interest rate, and repayment term for instant results.
Check other PAN Card Loans for your needs!
PAN Card Loan | ₹10000 PAN Card Loan |
---|---|
₹50000 PAN Card Loan | Loan Without Pan Card |
An instant ₹20,000 PAN card loan offers you the following benefits and features:
Get any loan amount
you require.
Enjoy attractive rates
of interest as low as
9.9% p.a.
PAN card loan requires
minimal documentation.
Choose a flexible
repayment plan between
12 to 60 months.
No hidden costs or
terms. Enjoy a transparent
processing procedure.
PAN cards streamline
verification, speeding
up loan processing.
Ready to take the next step? Apply now!
You can now apply for a ₹20,000 personal loan on PAN card with Buddy Loan. As a loan service provider, Buddy Loan helps you to avail loans from top verified lenders. Follow the steps below to get the financial assistance you need:
You can also check more on Aadhaar Card Loans from below!
1,000 Loan on Aadhar Card | 5,000 Loan on Aadhar Card |
---|---|
10,000 Loan on Aadhar Card | 20,000 Loan on Aadhar Card |
50,000 Loan on Aadhar Card | Small Cash Loan on Aadhaar |
You can apply for a ₹20,000 loan on PAN card online through various NBFCs. You can also follow the steps to apply given above.
Different lenders have different loan processing procedures. You may get the ₹20,000 loan as fast as a few hours or a day.
Depending on your existing loans, lenders will determine your debt-to-income ratio and consider your eligibility for the loan.
Yes, you need a credit score of 650 above to get a loan on your PAN card.
Yes, you can apply for a loan using your PAN card to any lender offering a PAN card loan.
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