How to Get ₹20,000 Loan on PAN Card Verification: Easy Steps to Follow

Securing a personal loan has never been easier, especially when it’s about a manageable amount like ₹20,000. With the rise of online personal loan facilities and streamlined verification processes, getting a loan with minimal documentation like just a PAN card is now a reality. This detailed blog will guide you through the necessary steps and information to obtain a ₹20,000 loan with just your PAN card.

How to Apply for a ₹20,000 Loan on a PAN Card?

Before diving into the process, it’s essential to understand the eligibility criteria. Most financial institutions, including Tata Capital, require you to:

• Be an Indian citizen
• Be aged between 21 and 58 years
• Have a steady source of income, whether you are salaried or self-employed
• Possess a valid PAN card

Your credit history and score might also be considered to determine your eligibility for personal loan financing.

Features & Benefits of a 20,000 Loan on a Pan Card

1. Easy Application Process

Applying for a ₹20,000 loan using your PAN card is straightforward. The online application requires you to submit basic details and complete the e-KYC process using your PAN card.

2. Instant Approval

An advantage of applying for a small loan on PAN card verification is a quick approval process, which ensures you get the funds promptly. This can significantly help during emergencies.

3. Competitive Interest Rates

With a PAN card loan, you can enjoy competitive interest rates. Compare the interest loans offered by various lenders to get the best deal based on your financial needs.

4. Minimal Documentation

Most lenders offer a Rs. 20,000 loan on a PAN card with minimal documentation. You only need to submit your PAN card and Aadhaar card to get the loan approved.

5. Flexible Repayment Terms

Lenders allow you to choose from various repayment options and offer flexible tenures to help make repayment more convenient based on your financial capacity.

Eligibility Criteria for a Loan of ₹20,000 Using a PAN Card for KYC

• Find a Lender: Choose a reputable lender like Tata Capital that offers online personal loan services.
• Online Application: Fill in the application form on the lender’s website.
• PAN Card Details: Provide your PAN card number for KYC verification.
• Document Submission: Upload necessary documents, if required.
• Loan Approval: Wait for the verification and approval process to complete.
• Disbursement: Once approved, the loan amount will be disbursed to your account.

Documents Required to apply for a 20,000 Loan on Pan Card

Here are the documents you need to submit to apply for a Rs. 20,000 loan on a PAN card-

1. A valid PAN card

2. A valid ID proof (Aadhaar Card/ Voter ID/ Passport/ Driving License)

3. Address proof (Aadhaar Card/ Voter ID/ Passport/ Driving License) 4. Income proof (salary slips and bank statements)

How to Get an Instant Personal Loan of ₹20,000 from Tata Capital?

Tata Capital simplifies the process of obtaining an instant personal loan. With our online services, you can apply for a loan from the comfort of your home. Just visit our personal loan page, fill out the application, and submit your PAN card details for quick verification.

Conclude

Securing a ₹20,000 loan with just a PAN card for verification is a straightforward process. Ensure you meet the eligibility criteria, choose a reliable lender like Tata Capital, and follow the simple online application process. Remember, maintaining a good credit history is key to easy loan approval.