The Permanent Account Number (PAN) Card issued by the Income Tax Department in India allows individuals to avail a loan of varied amounts. The PAN card makes the identification process faster, thereby aiming for a hassle-free application process.
Availing a ₹10,000 loan on PAN card has been made simple and easy. Here is a breakdown on how to get a loan on a PAN card.
PAN Card Loan of ₹10,000 Online Without Documents
You can avail an instant loan of ₹10,000 online only with PAN Card & Aadhaar. Many online loan lenders provide loans with minimum documentation. With e-KYC & online document verification, you can avail loan instantly. However, you will have to check the lenders specific terms & conditions for better calrity.
₹10000 Loan Only With a PAN Card
Individuals can get a loan of ₹10,000 with only a PAN card. Many financial institutions and online lenders offer small-ticket loans based on PAN card details. The PAN card is a crucial identification document for these lenders, allowing them to verify your identity and process a loan application quickly.
However, the approval and terms may vary depending on the lender’s policies and your creditworthiness. It’s advisable to check with specific lenders offering ₹10,000 loan on PAN card online and offline with proper requirements to explore available options.
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Eligibility for ₹10000 PAN Card Loan
The eligibility criteria to apply a ₹10,000PAN card loan are as follows:
| Nationality | Indian |
| Age | 18 – 60 years of age |
| Minimum monthly income | ₹15,000 (May differ from lender to lender) |
| Work Experience | At least 2 years of work experience. |
| PAN Card | Must be issued by the Income Tax Dept. |
| Credit Score | 650 above |
₹10000 PAN Card Loan Interest Rates & Charges
Various Banks and NBFCs offer PAN card loans of ₹10,000 at different interest rates and charges. The table below shows the different banks and NBFCs offering ₹10,000PAN card loan along with the interest rates and charges:
| Banks/NBFCs | Interest Rate % | Processing Fee |
|---|---|---|
| Bajaj Finserv | 11.00% – 38.00% | Up to 3.93% |
| ICICI Bank | 10.65% – 16.00% p.a. | 0.50% – 2.00% |
| Aditya Birla Finance | 13.00% – 28.00% p.a. | 0.05% – 3.00% |
| HDFC Bank | 10.75% – 24.00% p.a. | Up to 2.5% |
| KreditBee | 10.00% – 24.00% p.a. | Up to 6.5% |
Note: The above mentioned rates are subject to change with the finance market and differ marginally with the respect to the individual banks.
Documents Required for ₹10,000 Loan on PAN Card
The documents required to avail a ₹10,000loan on PAN card are:
| Identity proof | Voter’s ID, PAN card, Passport, Driver’s licence, etc |
|---|---|
| Income proof | Salary slips, Bank account statements, Business tax returns, etc. |
| Address proof | Electricity bill, Telephone bill, Rental agreement, etc. |
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Calculate EMI Instant Loan on PAN Card
Understanding your Equated Monthly Instalment (EMI) before applying for a loan will help you with financial planning. You can calculate your EMI by using the user-friendly online EMI calculator provided below.
All you need to do is input the Principal amount: ₹10,000, Interest Rate and Tenure. You will get an estimated EMI amount instantly.
Your Amortization Schedule (Yearly/Monthly)
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Features & Benefits of Instant PAN Card Loan
An instant PAN card loan offers the following features and benefits:
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Apply Online For PAN Card Loan of ₹10000
Applying for a ₹10000 PAN card loan online has become easier with Buddy Loan. Buddy Loan is a loan service provider helping you to avail loans from the top verified lenders. Apply for a personal loan with a PAN card by following these easy steps:
- Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
- Step 2: Open the personal loan application page. Provide the mobile number and enter the received OTP.
- Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
- Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
- Step 5: Enter your work details (Including company name, years of service and Designation)
- Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
- Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.
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