Obtaining a Personal Loan of Up to Rs. 20000 with Only a PAN Card: A Step-by-Step Guide

Nowadays, obtaining a personal loan is much simpler, and you can use it for various things. Additionally, since an instant personal loan is unsecured, you are not required to provide security.  

The PAN card is the most crucial document required to process any loan. Getting a personal loan on a PAN card might be the ideal solution if you’re looking for a personal loan without going through extensive documentation and verification procedures. This step-by-step guide provides all the information you require to obtain your loan. Read thoroughly to understand the whole thing. 

What is a Personal Loan?

There is no need for security or collateral when obtaining a personal loan, and there is little paperwork required. Financial institutions offer this type of unsecured credit based on several factors, including past employment history, income level, ability to repay, profession, and credit history. The borrower is required to repay the loan under the agreed terms, which typically involve easily equated monthly instalments made over a few months to a few years. 

Step-by-Step Guide for Getting a Personal Loan of Up to Rs. 20,000 Using Just a PAN Card

Download the app or visit the website of the loan provider.

The first step is to access the loan provider’s website to start the loan application process. If there is an option to complete an online application, it is recommended to download and use that application instead of visiting the website. Using a mobile application would be a preferable option over visiting the website.

Are you eligible? Check!

Reviewing the eligibility requirements established by the lending party is crucial before moving forward with the loan application. Verify that you meet the lender’s minimum requirements by carefully evaluating your eligibility. A person with Rs. 20000 can also obtain a Personal loan through many reliable lenders. It will enable you to decide whether you stand a good chance of getting the loan. 

Select the loan amount and term

Now you can proceed to the next step, selecting the loan amount and tenure. Obtaining a personal loan on a PAN card offers the advantage of customising your repayment plan to suit your needs. It includes the option to select the loan tenure, EMI amount, and payment frequency that best fits your financial situation. 

Use your PAN card to complete the e-KYC

Your PAN card is a recognized form of identification that can be used to finish the electronic Know Your Customer (e-KYC) process. The PAN card assists in confirming your identity and providing the information necessary to finish the e-KYC process, which is required for various financial services.

Link your bank account

Once your loan application has been approved, you can link your bank account and set up automatic payments. The lender can transfer the loan amount directly to your bank account within a few hours or minutes.

Benefits you will get

Easy procedure for application

Obtaining a personal loan with just your PAN card is a hassle-free process. The application process is simple and can be done online by providing basic information and completing e-KYC using your PAN card number. The documentation process is straightforward; you can submit the necessary documents digitally after completing the online application form.

No need for collateral

One of the significant advantages of obtaining a personal loan with just your PAN card is that it is an unsecured loan, which means no collateral is required. It is especially beneficial for those with no assets to pledge as security. If you need a personal loan for a Rs. 20000 salary, having no requirement for collateral would be best for you. Moreover, the loan approval process is almost instantaneous, which enables you to access funds quickly, making it a great option during emergencies.

Flexibility in loan tenure

A reliable loan provider recognizes the unique needs of every individual seeking a personal loan. Hence, it offers flexible loan tenures and customised plans best suited for you. 

A minimal requirement for documentation

Last but not least, this type of loan requires the least amount of paperwork possible. Your loan gets approved with just a few pieces of documentation. 


You might require a personal loan at any time. Therefore, knowing how to get a personal loan on Pan Card can benefit your future. This step-by-step manual will undoubtedly assist you in obtaining a loan quickly and with the least amount of paperwork. If you require cash immediately, apply for a personal loan right away. 

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