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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Personal Loan

How to Get a Personal Loan Using Only Your PAN Card

16 Jul 2025 by Team FinFIRST

How to Get a Personal Loan Using Only Your PAN Card

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When you need a personal loan, the thought of gathering endless paperwork can be daunting. It’s no wonder so many people ask, "Can I get a loan with just my PAN card?"

While the idea of a "PAN card loan" is popular, it's important to understand the reality. Let's bust some myths and show you how personal loans like FIRSTmoney have simplified the journey, making it possible to get a loan online with minimal hassle.

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The role of your PAN card in a personal loan application

Your PAN (Permanent Account Number) card is the cornerstone of any personal loan application in India. Think of it as your financial passport. It serves as a primary identity document and is uniquely linked to all your financial and tax-related data.

Lenders use your PAN to instantly access your CIBIL score and credit history. This helps them verify your financial health and determine your loan eligibility, which is a key part of responsible lending. For digital personal loans like FIRSTmoney, the PAN card is critical for instant and secure Know Your Customer (KYC) compliance.

Standard documents usually needed for a personal loan

Here’s where things get interesting. While your PAN card is mandatory everywhere, the amount of additional paperwork required can vary dramatically.

Traditional Lenders:

Most traditional banks and NBFCs require a whole checklist of documents in addition to your PAN card:

- Identity Proof: An Aadhaar Card, Passport, or Voter ID.

- Address Proof: Utility bills or a rental agreement.

- Income Proof: Recent salary slips, bank statements, or ITR filings for self-employed individuals.

This process often involves scanning, uploading, and waiting for manual verification, which can be slow and cumbersome.

Your PAN card opens the door, but responsible lending needs a little more—FIRSTmoney makes it easy, fast, and hassle-free.

FIRSTmoney advantage: Minimal personal loan documentation

At FIRSTmoney, the loan process is quick, paperless, and borrower-friendly without compromising safety.

FIRSTmoney borrowers can apply online using their PAN Card as the key document.
The paperwork is minimal, completely paperless, and is digitised and uploaded within minutes.
Borrowers need to do a video KYC with their PAN card for verification.
After verification, FIRSTmoney offers zero foreclosure fees, flexible repayment tenures ranging from 9 to 60 months, competitive personal loan interest rates beginning from 9.99% p.a. and instant approvals, making it a convenient experience.
The amount is quickly disbursed into the borrower's account, helping them fulfil their urgent needs.

Steps to apply for a personal loan with just your PAN card

It is simple and entirely digital to apply for a personal loan through FIRSTmoney.

Download the IDFC FIRST Bank app or scan the QR code on the IDFC FIRST Bank website to start the loan application process
Enter your personal details for instant eligibility checks.
Display your physical PAN card for verification during the video KYC process.
Funds are disbursed directly into your bank account almost instantly upon approval, helping you meet your urgent needs without delay.

Conclusion

Though getting a loan via PAN card only may sound alluring, FIRSTmoney and other lenders need to ask for some supporting documents so they can lend responsibly and offer an easy borrowing process.

But with the innovative, secure, and paperless approach by FIRSTmoney, you can apply from the comfort of your home, get fast approvals, and have loans based on totally transparent terms.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

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