Loan on PAN Card - Rightsofemployees.com https://www.rightsofemployees.com Know Your Rights Mon, 21 Jul 2025 04:10:42 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.4 https://www.rightsofemployees.com/wp-content/uploads/2018/01/cropped-emp1-32x32.png Loan on PAN Card - Rightsofemployees.com https://www.rightsofemployees.com 32 32 Has a Loan Been Taken Using Your PAN Card? Steps to Check & Report https://www.rightsofemployees.com/has-a-loan-been-taken-using-your-pan-card-steps-to-check-report/ Mon, 21 Jul 2025 04:10:42 +0000 https://www.rightsofemployees.com/?p=46296 Loan on PAN Card: Nowadays, cases of online loan fraud and identity theft are increasing rapidly. You must have heard about getting a SIM card using someone else’s ID, but have you ever heard that someone else has transferred money on your PAN card? In such a situation, it becomes very important to know whether […]

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]]> Loan on PAN Card: Nowadays, cases of online loan fraud and identity theft are increasing rapidly. You must have heard about getting a SIM card using someone else’s ID, but have you ever heard that someone else has transferred money on your PAN card?

In such a situation, it becomes very important to know whether someone else has taken a loan in your name using your PAN card. Actually, your PAN is directly linked to your credit report, and any loan taken through it, whether with your consent or without your consent, will directly affect your credit rating and your ability to take a loan in the future.

Let us tell you how you can find out if someone else has used your PAN card? And if so, what should you do?

1. Check your credit report regularly

The easiest way to know if any loan has been taken against your PAN is to check your credit report. Credit bureaus like CIBIL, Experian, Equifax and CRIF High Mark keep a record of all loans and credit cards taken in your name. You can visit their website and request a free credit report by verifying your PAN and mobile number. Check for any unknown accounts or loan records in this report.

2. Keep an eye on these ‘red flags’ in the report

When looking at your report, check for loans or credit cards you never applied for. Incorrect account numbers, unknown lender names, or new ‘hard inquiries’ (when a lender checks your credit) that you didn’t approve of. These are signs that someone may have misused your PAN card. If you see several such records, take immediate action to prevent your credit from getting damaged further.

3. What to do if you receive a fraudulent loan?

If you receive a fraudulent loan, immediately report it to the lender and the credit bureau it has been reported to. Most cases can be registered online by the credit bureaus. You will need to provide proof of identity, facts of the loan in question and a signed affidavit. Also, file a complaint with the cyber crime cell of your local police along with proof of PAN misuse.

4. How to prevent misuse of PAN in future?

  • Never share your PAN card number on unknown sites, apps or WhatsApp forwards.
  • Do not give it to anyone in public or without any important work.
  • If you lose your PAN card, apply for a reprint and check your credit report in the next few months.
  • Use strong passwords for bank accounts.
  • Activate SMS/email notifications for loan or credit applications linked to your PAN.

Frequently Asked Questions (FAQs)

1. Can I check loan information related to my PAN online?

Yes, visit the site of any of the major credit bureaus like CIBIL, Experian, or CRIF and request your credit report by entering your PAN. It will show all the loans and credit cards taken in your name.

2. What if someone misuses my PAN to obtain a loan illegally?

This can damage your credit score and also cause problems in getting a loan when you need it. You must immediately file a case with the credit bureau, complain to the lender and lodge a complaint with the police.

3. How often should I check my credit report?

You should check your credit report every 3-6 months. Checking your credit report on a regular basis is a great way to detect fraud early and keep your credit score healthy.

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]]> Loan on PAN Card: Get personal loan with PAN card, know how to apply https://www.rightsofemployees.com/loan-on-pan-card-get-personal-loan-with-pan-card-know-how-to-apply/ Tue, 09 Aug 2022 09:35:34 +0000 https://www.rightsofemployees.com/?p=2130 PAN card is mandatory for any kind of financial transaction in the country. PAN card is a permanent 10 digit number, which is issued by the Income Tax Department. Without PAN card, you cannot do any major financial withdrawal from banks. But do you know that you can get loan from banks on PAN card. […]

The post Loan on PAN Card: Get personal loan with PAN card, know how to apply first appeared on Rightsofemployees.com.

]]> PAN card is mandatory for any kind of financial transaction in the country. PAN card is a permanent 10 digit number, which is issued by the Income Tax Department. Without PAN card, you cannot do any major financial withdrawal from banks. But do you know that you can get loan from banks on PAN card. PAN card is one of the most important documents of our identity in today’s time. Without this, neither you can open a bank account nor will you be able to file income tax return.

how to get loan against pan card

By the way, taking a loan in today’s time is not a difficult task. If your documents are correct, then the loan is easily available. But sometimes there is a problem in getting the loan. In such a situation, you can take a personal loan on your PAN card.

Most banks offer loans up to Rs 50,000 on PAN cards. Before giving loan against PAN card, any bank or NBFC checks the CIBIL score of the customers. From this, it is known that what is the record of the customer in terms of returning the loan.

Loan is available without any security

You can easily take a personal loan of up to Rs 50,000 through your PAN card. Banks give you a loan of up to Rs 50,000 without any security. Meaning you do not have to mortgage anything with the bank. However, your CIBIL score should be good. Only then will you be able to get this loan. The interest rate of a personal loan is higher than that of a home loan, car loan, and it falls under the unsecured category. For this reason, banks do not give more amount in the form of loan through PAN card.

This document is necessary

If you want to take a personal loan against your PAN card, then you have to submit some documents to the bank. This also includes your work experience. You will get a personal loan on PAN card only if your work experience is at least two years. You will be able to get a personal loan on PAN card only if you are doing a job or your business, if you have a better CIBIL score in both the situations.

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