Loan on Aadhaar Card without PAN Card

A personal loan is the first source for most people to rely on in case of a financial emergency. However, getting such a small cash loan on Aadhar card without PAN card is not easy. That is because to apply for a short-term personal loan, you need to have a certain set of documents as required by the lending bank or non-banking financial company (NBFC).

So, the question is ‘Is it even possible to get a personal loan without a PAN card? 

Your PAN card is an important and mandatory document for identity proof for most loans. However, some online loan-providing apps and portals do offer small cash loan on Aadhar card without PAN card. Some of these are Navi, Moneyview, etc. All you need is alternate officially valid documents, such as your Aadhaar card, Passport, Voter ID, etc.  
In this article, we have covered everything you need to know about how to apply for, the eligibility requirements, and the documents needed for a personal loan without a PAN card.

What is a Small Cash Loan?

Small cash loans are a type of personal loan extended by banks and NBFCs to help borrowers meet their short-term financial requirements. These instant short-term loans are unsecured and do not require you to pledge collateral. The loan amount can be used for various purposes, including but not limited to travel expenses, medical emergencies, house repair, a gadget purchase, a wedding, etc. 

Key Features and Benefits of Small Cash Loans

Below are some of the features of small cash loans:

• Quick disbursal: These loans provide instant disbursal on satisfactory verification. It usually takes about a few minutes to hours to disburse the required loan amount directly to your bank account.
  Minimal documentation: All you need is your Aadhaar card, selfie, bank statements and salary slips, to get this loan. 
  Paperless online process: Most small cash loans are available on mobile apps and websites. The entire loan application, e-KYC verification, approval and disbursal journey is paperless. You can get an instant small loan from anywhere and anytime.
• Collateral-free: These loan s are unsecured in nature, which means you don’t have to pledge any collateral or security to get them.
• Competitive interest rates: Applicants with a good credit score of 750 or more can get lower interest rates small cash loans. However, the final rate of interest is determined at the sole discretion of the lender, depending on the borrower’s income, creditworthiness, repayment history and other factors. 
• Flexible EMIs: These loans usually have flexible repayment tenures and can be repaid in equated monthly instalments (EMIs) between 6 months to 50 months. 

Small Cash Loan on Aadhaar Card without PAN Card Providers

Below is the list of some lenders that offer small personal loans without PAN card:

• Navi
• Moneyview
• MoneyTap
• FlexSalary
• Dhani
• KreditBee
• mPokket
• Rupeelend
• Stashfin
• CASHe
• Pocketly
• IndiaLends

How to Apply for a Small Cash Loan without a PAN Card?

You can follow the steps given below to apply for a small cash loan on Aadhaar card without a PAN card:

• Visit the official website or download the app of the lender.
• Enter the required details like your name, address, income, Aadhaar number, etc.
• Check your small cash loan eligibility by selecting your preferred loan amount and tenure.
• Then complete your e-KYC online with Aadhaar card.
• Finally, enter bank details and set up an auto debit option. 
• On approval, the loan amount will be disbursed to your bank account within a few minutes.

Documents required for a Small Cash Loan on an Aadhaar Card

You will only have to provide your Aadhaar card details to avail of a small cash loan on Aadhaar card without a PAN card. Your Aadhaar card acts as a legal document for e-KYC verification done by the lender. Some lenders may also ask for additional documents, such as salary slips, bank statements, etc. as per their policy. 

Small cash loan on Aadhaar card without a PAN card eligibility criteria

Here are the basic eligibility criteria for a small cash loan on an Aadhaar card without a PAN card:

• Age: The applicant should be aged between 21 and 65 years.
• Nationality: The applicant must be an Indian resident.
• Employment: Salaried employees as well as self-employed individuals can apply for these loans.
• Bank credit: The applicant must be receiving their income directly to their bank account.
• Income: Applicants must have an in-hand income of at least Rs. 15,000 per month.
• CIBIL score: A minimum credit score of 600 or more is mandatory

Any unexpected financial requirement can be stressful. However, with an instant loan on an Aadhaar card, you can mitigate this stress. It is one of the most convenient and easier options to get funds instantly anywhere, anytime. So, don’t wait any longer! Apply for a small cash loan on an Aadhaar card now.