Yes, you can get a loan without a PAN card. It is, of course, a necessary document while applying for loans. PAN card allows lenders to determine your financial status, repayment capacity and any kind of defaults in the past. But there are other acceptable documents you can submit in place of a PAN while applying for a loan. Let us now read about the procedure to apply for a loan without a PAN card and also the documents required to apply for a loan without a PAN card. 

How To Apply For A Loan Without A PAN Card?

  • Have an alternate Identity Proof: Ensure that you have alternate forms of identification as backup like a passport, voter ID, or Aadhaar.
  • Choose Compatible Lenders: Seek lenders who will accept these alternative documents.
  • Complete Application: Quote the essential loan amount in the loan application form. Make sure that you fill in the form completely. 
  • Submit Supporting Documents: Attach the supporting documents such as income statements, address proofs, and the selected alternative identity documents.
  • Additional Declaration: Certain lenders could ask for an extra declaration instead of your PAN card. 
  • Verification Process: Ensure that you complete the verification process with the lender so that they can confirm the details.
  • Approval and Disbursal: The funds are disbursed to the designated account as soon as the loan is approved.

Documents Required to Apply for A Loan Without A PAN Card

Multiple loan apps offer instant loans without a PAN card. However, obtaining them typically requires sharing the following documents:

  • Proof of Valid Photo ID: You can submit a copy of your voter ID, driver's license or Aadhaar card as a valid photo identification. 
  • Address Proof: Voter ID, passport, driver's license, or Aadhaar card serves as a valid address proof.
  • Income Proof: You have to show your repayment ability to your lender before you take a loan. Hence, you will have to submit a copy of your salary slip or primary bank statements for the last 6 months. 
  • Employment Certificate: Submit an employment certificate proving that you were employed continuously for a year at least. 

By providing these documents accurately and completely, you will improve your chances of successfully applying for a personal loan without a PAN card.