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.
Get 20,000 Loan Only With PAN Card
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?
Eligibility For ₹20000 PAN Card Loan
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. |
₹20,000 PAN Card Loan Interest Rates & Charges
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% |
Note: The above mentioned rates are subject to change with the finance market and differ marginally with the respect to the individual banks.
Documents for ₹20,000 Loan on PAN Card
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. |
Calculate EMI For ₹20,000 PAN Card Loan
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.
Your Amortization Schedule (Yearly/Monthly)
Check other PAN Card Loans for your needs!
Features & Benefits of Instant Loan on PAN Card
An instant ₹20,000 PAN card loan offers you the following benefits and features:
Customisable Loan Amount: Get any loan amount you require.
Attractive Interest Rates: Enjoy attractive rates of interest as low as 9.9% p.a.
Hassle-Free Documentation: PAN card loan requires minimal documentation.
Flexible Repayment Plan: Choose a flexible repayment plan between 12 to 60 months.
Flexible Repayment Plan: No hidden costs or terms. Enjoy a transparent processing procedure.
Quick Processing: PAN cards streamline verification, speeding up loan processing.
Apply Online For PAN Card Loan of ₹20000
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:
- 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.
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 |
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