Outlook Money
Getting a personal loan has become much more easier with digitization. All one needs is a PAN card.
Pan cards are issued by the Income Tax Department and it is useful for the verification of Know Your Customer (KYC) verification in various financial institutions and banks.
Before applying, it is important for an individual to link Aadhaar and PAN as e-KYC highly depends on this.
Documents required are identity proof, address Proof and financial records.
One should start by choosing a lender, review lender comments, loan conditions, and interest rates. After this, one should visit the official website of the lending institution or bank.
After visiting the website, one should access the application form, click "Apply Now." After which an OTP for confirmation is received. After that, one must enter the name, PAN number, date of birth, and PIN code.
After that, one must enter the loan type and choose a repayment schedule.
A person must be an Indian citizen, from age group 21 to 60, must have a PAN card and should really pay credit score.