Getting a loan without a PAN card can be difficult, especially if you have not been allotted one, have lost access to your PAN details or need funds urgently. PAN is commonly requested during loan applications, particularly in cases of student loans, certain personal loans and small-ticket credit. Depending on the lender and transaction, tax declaration or alternative KYC documents might be required. Platforms such as Bajaj Finance, ICICI Bank, MoneyView and StuCred offer these loans, subject to their respective eligibility and document requirements. This guide explains whether you can get a personal loan without a PAN card, and the loan apps and alternatives you can consider.
Can You Get a Loan Without a PAN Card?
Getting a personal loan without a PAN card can be difficult because lenders require a PAN or other alternative documents as part of their KYC and financial verification process. However, not having a PAN does not automatically rule out every borrowing option. Depending on the lender, loan type and applicable rules, you might be able to provide Form 97 (formerly Form 60) or other alternative documents as permitted.
How to Apply for a PAN Card if You Don't Have One
If you don't have a PAN card, you can also apply for it. Having one will make it easier for you to apply for loans and be eligible for larger amounts. You can apply for a PAN online through the following process
- Step 1: Visit the Protean or Income Tax e-filing portal
- Step 2: Fill in the PAN application form with details like your name, date of birth, contact details and more
- Step 3: Submit the required documents
- Step 4: Follow the Aadhaar-based or other verification process, as required
- Step 5: Pay the applicable PAN application charges online, which are currently ₹91 for an Indian communication address
- Step 6: After processing and approval, your PAN will be issued, and the physical card will be delivered to your registered address. You can also access your e-PAN where available.
What If You Have a PAN but Lost the Physical Card?
If you already have a PAN but have lost the physical card, you do not need to apply for a new PAN. Your PAN number will remain the same, and applying for another PAN can create unnecessary complications.
Instead, you can retrieve your existing PAN details or use your e-PAN as proof of PAN where accepted. If you need a physical replacement, you can request a reprint of your PAN card through the authorised PAN service provider.
Loan App Without PAN vs Loan App With PAN
The main difference between applying for a loan with and without a PAN card is the documents and loan options available to you. While a PAN can make the application process easier, applying without one limits options and requires additional KYC requirements:
| Difference | Loan App Without PAN | Loan App With PAN |
|---|
| KYC requirements | Alternative KYC documents and Form 97 declaration, where permitted | PAN can be submitted along with other required KYC documents |
| Loan amount | Often lower than what's available with a PAN, though the limit varies by lender | Higher amounts are available |
| Credit assessment | Lenders use the available KYC and credit information | PAN help lenders link and verify financial and credit information. |
Types of Loans Available Without a PAN Card
The availability of a loan without a PAN card depends on the lender, loan type, loan amount and the KYC requirements. Not having a PAN does not guarantee eligibility for any particular loan, and lenders require Form 97 (formerly Form 60) or other alternative documents where permitted. The options include:
- Personal Loan: Personal loans are unsecured loans that can be used for expenses such as medical bills, travel, education or other personal needs. Some lenders offer pre-approved personal loans to eligible existing customers with minimal documents. However, PAN or an accepted alternative such as Form 97 (previously Form 60) might still be required, particularly for KYC or disbursal.
- Gold Loan: A gold loan is a secured loan where you pledge eligible gold jewellery as collateral to borrow money. Since the loan is backed by the value of the gold, income documents required are often less extensive than for an unsecured loan. However, lenders still require KYC, and PAN or Form 97 (previously Form 60), depending on the applicable rules, loan amount and lender's requirements.
- Education Loan: An education loan can be used to pay for tuition fees, books, accommodation and other eligible education expenses. The application involves the student and, where applicable, a co-applicant, with documents such as identity proof, admission documents and income details required. If PAN has not been allotted, Form 97 (previously Form 60) might be accepted where permitted.
- Business Loan: A business loan can be used for working capital, inventory, equipment, expansion or other business expenses. Depending on the lender and applicant, the application will require bank statements, business or income records and other financial documents. Form 97 (formerly Form 60) might be accepted instead of PAN in applicable cases, but the lender might request other KYC and business-related documents.
Loan Options You Can Consider Without a PAN Card
Some lenders offer pre-approved or limited loan options to eligible customers based on their existing information. In such cases, the lender might ask for Form 97 (previously Form 60) or other alternative documents instead. However, submitting this form does not guarantee loan approval or mean that every lender will waive PAN requirements. Borrowers should confirm the latest document requirements with the lender before applying:
- Bajaj Finance: Bajaj Finance offers personal loans, subject to eligibility. Eligible existing customers with pre-approved offers can qualify for such a loan without a PAN card, depending on their profile and existing relationship with the lender. Other documents include KYC proof such as Aadhaar, passport, voter ID or driving licence, employee ID, salary slips for the last three months and bank statements for the previous three months.
- StuCred: StuCred is a digital credit platform focused on providing financing to college students. They offer short-term credit ranging from ₹1,000 to ₹15,000, with requirements for a phone number, email ID, college details, college ID or documents, a government ID, video OTP and alternate options for a PAN card.
- MoneyView: MoneyView offers personal loans of up to ₹50,000 without a PAN card by accepting alternative KYC documents such as Aadhaar, passport, voter ID or driving licence. In order to be eligible, you need to be between the ages of 21 and 57 years, with a minimum monthly income of ₹25,000 and a minimum CIBIL score of 650.
- ICICI Bank: Through ICICI Bank, students can apply for an Education Loan without their own PAN card. The bank instead accepts alternate documents and requires the co-applicant to provide supporting documents such as salary slips, bank statements, ITR, GST details and other KYC documents, depending on their employment status. Approval remains subject to the bank's eligibility and document requirements.
Form 60 for Loans: Can It Replace PAN?
Form 60 was a declaration that individuals without a PAN could submit for certain specified financial transactions. However, from April 1, 2026, Form 97 has replaced Form 60 under the Income Tax Act, 2025, for the types of transactions specified under the tax rules. For loans, submitting Form 60 or the applicable Form 97 does not automatically mean that a lender will approve your loan without PAN. The lender is likely to still have its own KYC, income, credit score and document requirements.
Documents You May Need to Apply for a Loan
Even if you do not have a PAN card, lenders require documents to verify your identity, address, income and repayment capacity. The exact requirements depend on the lender, loan type, loan amount and your employment or income profile. These include:
- Aadhaar card or other accepted identity proof
- Address proof
- Bank statements
- Salary slips or other income proof
- Employment proof
- Business or self-employment proof
- Form 97 (Previously Form 60) or other declaration
- Existing loan or repayment details.
Eligibility Criteria for a Loan Without a PAN Card
There is no single eligibility criterion for getting a loan without a PAN card. Requirements vary by lender, loan type and loan amount. Not having a PAN is usually acceptable only where the lender permits an alternative declaration. You will need to meet the following requirements:
- Be an Indian citizen and meet the lender's age requirement, usually between 21 and 60 years
- Have a regular and verifiable source of income
- Meet the lender's minimum income requirement
- Have an active bank account for loan disbursal and repayments
- Provide the required KYC and income documents
- Meet the lender's credit score and repayment history requirements
- Provide Form 97 (formerly Form 60) or other required documents if PAN is not available and the lender permits it.
How to Apply for a Loan Without a PAN Card
Depending on the lender's requirements, you can follow these steps to apply for loans without a PAN card:
- Step 1: Choose a lender: Select a legitimate lender or loan platform and check whether it accepts applications without a PAN or accepts prescribed alternative documents.
- Step 2: Register and provide your details: Enter basic information such as your name, mobile number, address and other details requested by the lender.
- Step 3: Complete KYC: Submit the required identity and address documents accepted by the lender. Complete additional verification, such as video KYC, if required.
- Step 4: Provide income details: Enter your income, employment or business details and submit supporting documents such as salary slips or bank statements, if required.
- Step 5: Submit your application: Review the information you have provided, check the loan terms and submit the application.
- Step 6: Review the loan offer: If approved, check the interest rate, processing fee, tenure, EMI and other charges before accepting the offer.
- Step 7: Receive the loan amount: After completing the required verification and accepting the loan agreement, the approved amount will then be disbursed to your bank account as per the lender's process.
Risks of Using Loan Apps That Don't Ask for PAN
Not asking for a PAN does not automatically mean that a loan app is unsafe, but you should check the lender and loan terms carefully before applying. Some risks to look out for include:
- Hidden processing fees, late payment charges or other charges
- Very high interest rates that can increase the total repayment amount
- Unnecessary access to contacts, messages, photos or other personal information
- Unclear EMI, repayment tenure or total amount payable
- Misuse of personal or financial information
- Upfront payment requests before loan approval or disbursal
- Fake loan offers or apps that do not clearly disclose the actual lender.
How to Check if a Loan App Is Legitimate
Verifying the lender and understanding the loan terms before applying for a loan can help avoid fraud and other unexpected charges early on. The following pointers can help you verify whether the lender is legitimate or not:
- Verify the actual lender behind the app and check whether it is an RBI-regulated bank or NBFC
- Download the app only from trusted app stores or the lender's official website
- Read the loan agreement and Key Facts Statement before accepting the loan
- Check the lender's customer support details and their grievance redressal process.
NoBroker InstaCash for Personal Loan Options
Getting a personal loan without a PAN card can be difficult, as lenders have limited options. If you have a PAN card and are looking for a personal loan without visiting a branch, NoBroker InstaCash can be an option. The platform lets eligible borrowers explore and apply for personal loans of up to ₹10 lakh with a PAN card. Through its completely digital platform, you can check available loan options, compare terms and complete the application online.
- Loan amounts of up to ₹10 lakh, subject to eligibility
- Repayment tenures ranging from 2 months to 5 years
- Processing fee of up to 4% plus applicable GST
- Interest rates starting from 12.99% p.a., subject to lender and borrower profile
- 100% online application
- Eligibility requires you to be between 21 and 65 of age, have a CIBIL of 700+ or Experian of 750+
- Minimal document requirements, varying based on the lending partner and applicant profile.
Disclaimer: Loans available through NB InstaCash are offered by independent lending partners. NoBroker’s role is limited to facilitating the loan and it does not provide the loan itself. Read our Privacy Policy for more information.
Frequently Asked Questions
Q. What should I do if a loan app asks for unnecessary personal information? Ans: Do not provide access to information that is unrelated to the loan application. Before applying, verify the actual lender, check the permissions requested by the app and review the interest rate, fees, repayment terms and privacy practices. Avoid apps that make unrealistic approval promises or ask for excessive access to your contacts, messages, photos or other personal information.
Q. Can I get a loan with Aadhaar but without PAN? Ans: Yes, you can get a loan with an Aadhaar card without a PAN card from select lenders, subject to their eligibility and KYC requirements. However, Aadhaar does not replace PAN where PAN is mandatory. The lender can also ask for alternative documents where needed.
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Krishnan grew up in the libraries of Thiruvananthapuram. As an engineer turned writer, Krishnan is fascinated by the stories told by cities through their buildings, culture and music. His blogs are aimed at breaking down the most relevant and actionable insights on the Indian realty sector.
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