How to Get ₹5,00,000 Personal Loan Using PAN Card in India
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In today’s digital lending ecosystem, obtaining a personal loan of ₹5 lakh has become seamless—especially when using your PAN (Permanent Account Number) . This 10-digit alphanumeric identifier, issued by the Income Tax Department, plays a critical role in verifying your creditworthiness and streamlining KYC processes. Importance of PAN Card in Loan Application PAN serves as an essential KYC document that offers lenders visibility into your financial behaviour. It is now mandatory to link PAN with all bank accounts and Aadhaar cards , enhancing security and authentication while applying for loans. When linked with Aadhaar, PAN simplifies the verification process, often enabling instant loan approvals within 24 hours. Eligibility Criteria for ₹5 Lakh Loan on PAN Card To apply for a ₹5 lakh loan using your PAN card, you must meet the following eligibility parameters: Must be a citizen of India Age between 21 to 60 years Must possess a valid PAN card Should have a re...