₹20000 Loan On PAN Card

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%

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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.

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Documents for Rs. 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.

Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Features & Benefits of Instant Loan on PAN Card

An instant ₹20,000 PAN card loan offers you the following benefits and features:

Customisable Loan

Get any loan amount
you require.

Attractive Interest

Enjoy attractive rates
of interest as low as
9.9% p.a.


PAN card loan requires
minimal documentation.

Flexible Repayment Plan

Choose a flexible
repayment plan between
12 to 60 months.

Flexible Repayment

No hidden costs or
terms. Enjoy a transparent
processing procedure.

Quick Processing

PAN cards streamline
verification, speeding
up loan processing.

Ready to take the next step? Apply now!

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 RBI approved 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.

Frequently Asked Questions

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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