Through the PAN card, the company or bank tracks the civil score of the people, which shows how the record of your loan repayment has been. On this basis, the loan amount and other things are decided.
PAN card is used as an essential document. PAN card is used more as a financial transaction. Along with this, a PAN card is used for opening an account in the bank getting insurance and taking advantage of investment schemes. On the other hand, even if you want to take a loan, you can take a loan on a PAN card. However, for this, you have to complete some processes.
People have to struggle hard for loans. Along with this, many documents also have to be given, yet it is a little difficult to get the loan approved. At the same time, most banks now provide personal loans on PAN cards only. For this, you do not need to present any other document. A loan against a PAN card up to Rs 50,000 is easily approved and that too without any security.
Through the PAN card, the company or bank tracks the civil score of the people, which shows how the record of your loan repayment has been. On this basis, the loan amount and other things are decided. You can use the personal loan amount anywhere, as this loan is given without security, so banks charge high charges on it.
What is the process of taking a loan?
You can get a personal loan both online and offline. For the online mode, first, you have to visit the website of the concerned bank. Here you have to click on the Personal Loan option in the Loan section. Now you can get the personal loan approved by following the steps mentioned below. Whereas offline you can contact the concerned branch of the bank.
What will be the condition for getting a personal loan?
According to the HDFC Bank website, your age should be between 21-60 years to take a personal loan. Must be an employee of any Central Government, Private or State Government. Must be earning Rs 25,000 per month. Along with this, he should have work experience of up to 2 years and should also be an employee at present.
