Check Active Loan on PAN Card

A PAN (Permanent Account Number) card is a key identification document for financial transactions in India. One important use is to check active loans on a PAN card. By doing a loan check by PAN card, you can track active loans, repayment schedules, and monitor your credit health.

Regular loan checks help avoid missed payments, detect fraudulent loans, and maintain a strong credit score. Whether you want to track loans on your PAN card or review loan details, staying updated prevents financial surprises. This guide covers methods to check active loans and why regular monitoring is essential.

Table of Contents:

• ⇾ Ways To Check Active Loan on PAN Card
• ⇾ Check Active Loans on PAN Card Using a Credit Report
• ⇾ Check Active Loans on PAN Card Directly With the Lender
• ⇾ Through Net Banking or Mobile Banking Apps
• ⇾ Checking Through the Lender’s Website
• ⇾ Contacting the Lender Directly (Customer Care or Branch Visit)
• ⇾ Importance of Checking Active Loans on Your PAN Card
• ⇾ Frequently Asked Questions

Ways to Check Active Loan on PAN Card

Different ways to check your active loans using PAN is as follows:

1. Check Using Credit Bureau Services (CIBIL, Experian, CRIF, Equifax)
2. Use FinTech Apps
3. Reach out to Lenders directly

Check Active Loans on PAN Card Using a Credit Bureau Report

Credit reports provide a detailed summary of your credit history, including information about active loans, repayment history, and outstanding balances. By using your PAN number, you can easily check loan details with your PAN number and stay updated on your financial status.

• Step 1: Visit the Credit Bureau’s Official Website (CIBIL, Experian, Equifax, or CRIF High Mark).
• Step 2: Sign Up or Log In using your PAN number, personal details, and mobile number.
• Step 3: Verify Your Identity through OTP authentication.
• Step 4: Request Your Credit Report (most bureaus offer one free report per year).
• Step 5: Download and Review the report to check active loans and outstanding balances.

Use FinTech Apps to Check Active Loans

Several FinTech apps provide instant access to your credit history and active loans using your PAN. These apps fetch loan details from credit bureaus and display them in an easy-to-read format.

Popular FinTech Apps for Loan Checking:

• Paytm
• Bajaj Finserv
• OneScore
• Cred
• BankBazaar
• Paisabazaar

Steps to Check Active Loans via FinTech Apps:

Step 1:Download a FinTech app that provides credit report services.

Step 2:Register using your mobile number and PAN card.

Step 3:Navigate to the Credit Report or Loan Details section.

Step 4:View all your active loans, EMI details, and credit score.

These apps often provide additional features like credit improvement tips and loan eligibility checks.

Check Active Loans on PAN Card Directly With the Lender

Directly contacting your lender is another reliable way to check loans linked to your PAN card. Using this method, you can quickly check loan details with a PAN number without relying on third-party services.

Ways to Check Active Loans Directly with Lenders:

1. Check Loan Status on Net Banking or Mobile Banking Apps
2. Check on Lender’s Website
3. Directly Contact the Lender (Call, Email or Visit Office)

1. Through Net Banking or Mobile Banking Apps

You can log in to your account and access information such as active loans, repayment schedules, and due dates. Here are the steps to be followed :

Step 1:Log in to your bank’s net banking portal or mobile app.

Step 2:Navigate to the "Loans" or "Credit" section.

Step 3:Enter your PAN number if required.

Step 4:View your active loans and repayment details.

2. Checking Through Lender’s Website

You can enter your PAN and basic personal details on their loan status portal to retrieve loan information. Here are some steps :

Step 1:Visit the lender’s official website.

Step 2:Find the “Loan Status” or “Track My Loan” section.

Step 3:Enter your PAN number and other requested details.

Step 4:Submit the form to view your active loan details.

3. Contact the Lender Directly to Check Active Loan

Lenders can verify your PAN number and share your loan status, including outstanding balances and repayment schedules. Here are the steps :

Step 1:Call the lender’s customer care number or visit a branch.

Step 2:Provide your PAN number and other identification details.

Step 3:Request a statement of all active loans linked to your PAN card.

Importance of Checking Active Loans on Your PAN Card

Regularly reviewing your active loans using your PAN card is crucial for maintaining financial discipline and preventing potential issues. It helps you stay informed about your credit status, avoid missed payments, and detect fraudulent activities.

1. Maintain a Healthy Credit Score

Your credit score reflects your creditworthiness and missed payments can negatively impact it. Regular PAN card loan checks help you track upcoming EMIs and avoid defaults.

2. Detect Fraudulent Loans Early

By performing frequent loan checks by PAN card, you can quickly detect unauthorized loans and take immediate corrective action.

3. Manage Debt Effectively

Tracking your loans helps you manage your debt-to-income ratio, ensuring you don’t become overburdened with multiple loans.

4. Avoid Loan Closure Errors

Regular active loan checks on your PAN card help you identify such errors and dispute them with the lender or credit bureau promptly.

5. Improve Loan Eligibility

When you consistently monitor your active loans, you can maintain a low credit utilization ratio and a strong repayment record. This boosts your eligibility for future loans or credit cards.

6. Ensure Compliance with Tax Regulations

Ensuring that your loan records are accurate prevents complications during tax filings and helps you avoid legal issues related to undisclosed loans.

7. Better Financial Planning

Knowing your total loan obligations allows you to budget for future expenses, avoid excessive debt, and save for long-term goals.