How to Get an Instant Personal Loan Up to Rs.50,000 Without a PAN Card

Have you ever been in a situation where you needed a personal loan instantly but did not have access to your PAN card? If yes, then this article is for you.

Read it till the end to understand how to get a personal loan without a PAN card. Before we begin with the methods, let us understand a few important things about the PAN card.

What is a PAN Card and Why Do Banks Ask for It?

A PAN (Permanent Account Number) is a 10-digit alphanumeric ID issued by the Income Tax Department to track financial transactions related to:

• Income
• Credit
• High-value money movement

Under the Income Tax Act, 1961, lenders or banks ask for PAN card details for:

• All loans above ₹50,000
• High-value transactions
• Credit history reporting

Because of this mandate, most banks and NBFCs ask for a PAN card before approving a loan. However, there are exceptions and alternative methods that allow you to get an instant cash loan in 1 hour without a PAN card. Let us understand those methods in detail.

Top 5 Methods to Get an Instant Loan Without PAN Card

These are the 5 best ways to get an online loan without a PAN card, especially up to ₹50,000:

Method 1: Loan Apps That Offer Loans Without PAN Card

Many modern loan apps provide small-ticket loans (₹2,000 – ₹50,000) based on Aadhaar-based eKYC and bank statement verification, meaning PAN is not always compulsory. These apps focus more on:

• Cash flow
• Salary credit
• Bank statement behaviour
• Digital KYC

Popular apps that may offer loans without a PAN (policy may vary):

• KreditBee
• Fibe
• SmartCoin
• Pocketly
• MoneyView

Method 2: Apply Using Alternate KYC Documents

If PAN is not available, you can use other identity proofs like:

• Aadhaar Card
• Voter ID
• Passport
• Driving Licence

Many lenders allow Aadhaar-KYC, bank statement and salary proof to approve loans under ₹50,000.

Lenders that often accept alternate KYC:

• InvestKraft
• CASHe
• Navi
• EarlySalary
• Kissht
• PaySense

This is the most common way people get an online loan without a PAN card.

Method 3: Apply for Secured Loans

If you don’t have a PAN card but need money instantly, secured loans become the easiest option. Please note that secured loans are loans for which you need to pledge an asset, like a fixed deposit or property papers. The following lenders are known for providing personal loans without a PAN card:

• Muthoot Finance
• Manappuram
• HDFC Bank (FD loan)  offer loans without a PAN, especially below ₹50,000.

Please note that the approval in this case is relatively quicker because the loan is backed by your gold or deposit, and lenders don’t need heavy documentation.

Method 4: Show Strong Repayment Ability

Many lenders approve loans without a PAN if:

• Income is high
• The bank statement shows a consistent salary
• You have low debt
• You have a clean credit history

To prove strong repayment capacity:

• Maintain salary consistency
• Keep your DTI (Debt-to-Income Ratio)* below 50%
• Show stable bank account behaviour
• Avoid cheque bounces
• Avoid overstretching EMIs

*Please note that the debt-to-income ratio (DTI) simply shows how much of your monthly income goes towards paying existing EMIs. A lower DTI means you have enough income left to repay a new loan comfortably, while a higher DTI signals higher financial stress.

Lenders like MoneyTap, PaySense, and employer-partnered lenders approve loans based on salary stability. 

Method 5: Apply With a Co-Applicant Who Has a PAN Card

This is the most reliable method if you want a higher approval rate, with a lower interest rate and a longer tenure. A co-applicant is a person who shares the responsibility of repaying the loan, in case you fail to do so. Your co-applicant can be:

• Parent
• Spouse
• Sibling
• Relative with a PAN card

Banks like Bajaj Finserv, IDFC FIRST Bank, and cooperative credit societies accept joint applications.

Comparison Table of Top 5 Methods

The table below compares different ways to get an instant loan without a PAN card based on loan amount, approval speed, interest rate, and lender type. This helps you choose the most suitable option as per urgency and eligibility.

Where Can You Use Instant Cash Loans Up to ₹50,000?

Instant cash loans are perfect for those who need quick money and cannot wait for long bank procedures. These loans can be used for almost anything. The following are some of the common uses:

• Medical Emergencies
• Wedding Expenses
• Higher Education
• Travel Expenses
• Business Needs

Eligibility Criteria to Get a Personal Loan Without a PAN Card

The following is the eligibility criteria to get a personal loan without a PAN card:

• Age: 21–60 years
• Employment: Salaried or self-employed
• Income: ₹20,000–₹25,000 per month minimum
• Credit Score: Minimum 650, however higher score means higher chances
• Bank statement stability
• No recent loan defaults

Documents Required for Instant Cash Loan Without PAN Card

The following are the documents you need to submit in order to get a personal loan upto Rs.50000 without a PAN card:

• Identity Proof: Aadhaar card / Passport / Voter ID / Driving licence
• Address Proof: Electricity bill / Rent agreement / Aadhaar address / Government document
• Income Proof: Salary slips / Bank statements / Employer letter
• Miscellaneous KYC (depends on lender): Passport-size photo / Mobile number and OTP for verification / Basic profile details

Challenges of Applying to Instant Loan Without PAN Card

The following are some of the challenges you may face when applying for an instant personal loan without a PAN:

• Limited Loan Amount: Due to legal guidelines, lenders rarely exceed ₹50,000.
• Higher Interest Rates: Missing PAN increases risk → higher interest.
• Fewer Lender Options: Not all NBFCs support loans without PAN.
• Stricter Verification: Extra income checks, More document scrutiny, Tele-verification

Disclaimer: 

Loan eligibility, interest rates, and documentation requirements vary by lender and are subject to change. Always verify terms directly with the lender before applying.

Conclusion

Whether your PAN card is lost, delayed, or unavailable, you still have 5 strong ways to get instant cash up to ₹50,000. However, choose the method that suits your profile:

• Need emergency money? → Loan apps
• Have Aadhaar & income proof? → Alternate KYC route
• Have gold/FD? → Secured loans
• Stable income? → Salary-based loans
• Have someone with a PAN? → Co-applicant method

Start your personal loan journey with InvestKraft now and get personalised offers, check eligibility instantly, and get your loan at the lowest interest rate.

Frequently Asked Questions

Can I get an instant Personal Loan in 1 hour without a PAN card?

Yes, many lenders offer instant Personal Loans without a PAN card, provided you submit alternative KYC documents such as your Aadhaar Card, Voter ID, Driving Licence, or Passport. However, loan amount and approval depend on the lender’s internal KYC rules.

What is the minimum credit score required for instant loan approval?

A CIBIL score of 750 or above gives you the highest chance of instant approval and a lower interest rate. Lenders use this score to check your repayment behaviour, creditworthiness and financial maturity. With InvestKraft, your chances of getting a personal loan with a low CIBIL score of around 650 are high.

Is there a minimum monthly income requirement for online loans?

Yes. Most online lenders require a minimum monthly income of ₹25,000 (salaried). It helps lenders assess your repayment ability and manage your debt-to-income (DTI) ratio responsibly.

Can I apply for an online loan if I already have existing EMIs?

Yes, you can. As long as your total EMIs stay under 50% of your net monthly income, lenders will consider your application. A healthy DTI ratio (debt-to-income ratio) improves your chances of approval, especially for urgent cash loans.

What are the current interest rates for online Personal Loans?

Online Personal Loans generally come with interest rates between 10.99% to 24% per annum. Applicants with high income, stable employment, and a CIBIL 750+ usually get the best rates.

Can I prepay my instant cash loan?

Yes, instant cash loans can be prepaid anytime. Many lenders charge zero prepayment or foreclosure fees, but you should always read the lender’s terms carefully before making an early repayment.

What happens if I miss an EMI of an instant cash loan?

Missing an EMI may:

• Lower your CIBIL score
• Increase your total interest
• Affect your future loan eligibility

To avoid delays, always enable auto-debit or maintain your minimum balance on due dates.

Can I get a small cash loan on Aadhaar card without PAN card?

Yes, some lenders provide Aadhaar-based e-KYC loans without demanding a PAN card, especially for small loans (₹5,000 – ₹50,000). Eligibility depends on income and repayment behaviour.

How to get an instant cash loan in 1 hour without PAN card?

You can apply through Aadhaar-based loan apps, NBFCs, or digital lenders that follow OTP-based e-KYC. Keep your Aadhaar, bank statements, and salary proof handy for fast verification.

Which is the best loan app without a PAN card?

Some lenders offer small loans without a PAN card using Aadhaar-only KYC. Availability changes often, but common providers include NBFC-backed loan apps offering ₹5,000–₹30,000 quick cash loans. Compare interest rates carefully before borrowing.

Can I get a mobile phone loan without a PAN card?

Yes. Many online stores and fintech lenders offer zero-cost EMI phone loans using Aadhaar, bank statement and selfie verification instead of PAN. Eligibility varies by lender.

Can I get an instant ₹5,000 loan without a PAN card?

Yes. Many NBFC loan apps provide ₹3,000–₹10,000 mini loans based on Aadhaar KYC, salary proofs, and bank verification. Disbursement is usually instant after approval.

Is SBI Personal Loan available without a PAN card?

Most banks, including SBI, require a PAN for full KYC. However, Aadhaar-based small loans or pre-approved offers may sometimes be available for existing customers even without submitting a PAN.

Author: Diwakar Kumar Singh

Diwakar Kumar Singh is a certified SEO content writer and finance specialist with 7+ years of experience in the BFSI industry. He has written 1,000+ finance articles, published books across seven countries and authored research papers.

In 2018, he was awarded a Gold Medal in Marketing and Finance from IMT Hyderabad. He combines analytical strength with clear communication. Diwakar simplifies complex financial concepts, decodes unlisted shares, analyses IPOs, ratios and company profiles and delivers evidence-backed insights that help investors make informed decisions. communication.

 

Beyond finance, Diwakar is a dedicated fitness enthusiast and the founder of TheFitnessJournal. He also holds a nutrition certification from ISSA, USA, and writes about health, nutrition and science-backed wellness in a simple and approachable style. His ability to excel in two demanding fields makes him a versatile creator committed to clarity, accuracy and meaningful impact.