Loan with PAN Card: Fast life can not support any kind of sudden expenses in your budget. Such moments require personal loans up to Rs. 50,000 on your PAN card without a lot of ado. The article discusses how successfully you can fetch an easy loan of up to ₹50,000 by only having your PAN card.
Why Prefer Loan From PAN Card?
The advantages of taking a loan on PAN card are numerous:
- Fast Process: Thus, the whole procedure turns out to be simple as well as quicker.
- Not Secure Loans: There is no collateral required in obtaining the loan.
- Use Anywhere: It can be used during medical emergencies, while going for shopping, paying fees in schools and colleges, or any other need that is personal.
Read More: Allu Arjun Arrested: ‘Pushpa 2’ Star Held in 14-Day Judicial Custody After Hyderabad Tragedy
Interest rates on Loan with PAN Card:
The loan amounts up to ₹50,000 borrowed via the Zepy Loan App attract interests rates that are mentioned below:
- Annual Interest Rate: 12% to 18%.
- Interest rates shall vary as per CIBIL score against the loan taken. Higher the CIBIL score, lower shall be interest rates.
Benefits of PAN Card Loans
- Quick Approval: Loans on PAN cards take a shorter period.
- Little Documentation: PAN, Aadhaar, and bank details are all that it takes.
- Flexible Repayment: In shorter repayment time spans, interest burden is reduced.
- No Security: No guarantee or collateral is needed.
Eligibility Criteria
To apply for a PAN card loan, you must meet the following conditions:
- The applicant must be a permanent resident of India.
- Age limit: 21 to 58 years.
- A good CIBIL score is mandatory.
- The mobile number must be linked with your Aadhaar card.
Required Documents
The following documents are necessary to apply for a PAN card loan:
- Aadhaar Card
- PAN Card
- Voter ID or Ration Card
- Bank Statement for the last 6 months
- Salary Slips for the last 3 months (if salaried)
- Passport-size photograph
- Registered Mobile Number
How To Apply For A Loan Through The Zepy Loan App?
This is for people using the Zepy Loan App for getting a loan of a maximum ₹50,000 against his/her PAN card. Simple Steps for Application:
To Download the App
Download the Zepy Loan App through Google Play Store.
Sign Up
Use the mobile number that is linked to your Aadhaar card for signing-up.
Log In
Log on to the app using your user ID and password.
Choose Personal Loan Option
Select the personal loan option in the dashboard.
Read More: TVS Credit Personal Loan: Quick Loans from ₹50,000 to ₹5 Lakh in 5 Minutes
Provide All Necessary Details
Fill accurately the required details like name, address, income and bank account details.
Complete the e-KYC
Enter your Aadhaar card number and complete the e-KYC using OTP.
Check Loan Limit
The app will give you a limit on the loan based upon your CIBIL score.
Apply for the Loan
Then press the accept button and proceed to click on the “Apply Online” button.
Submit Application
Enter all necessary filing information in the application form and submit.
Loan Approved and Transferred
Loan is approved after verification, and the sum transferred into the bank account.
Finishing Statement
Getting a loan on your own PAN card is speedy, instant and best for quick emergencies. You may even use this application to gain an amount of up to ₹50,000. Zepy Loan Application has your back here. And of course, always have a good CIBIL score and pay on time for future borrowing ease.
Disclaimer: This article is just for information. Before borrowing any money, one should read the terms and conditions and interest rates very carefully.
Braj Verma is a resident of Rajgarh in Madhya Pradesh and is a content writer and freelancer by profession. He has a degree in Political Science from Barkatullah University, Bhopal. He has expertise in subjects like credit cards, banking, loan, insurance, political analysis and digital marketing.