There are many ways of getting credit and arranging money that is easily accessible and quickly processed to help you in the knick of time. One of the best ways would be to apply for a personal loan as it is quick and hassle-free, easy to arrange, and requires minimum paperwork.
Digital banking has also made it a lot easier to complete loan applications online in 3-4 easy steps, helping you avoid long bank queues and multiple visits to the branch. All you need to apply for the is a PAN card, your Aadhaar card, income proof, and virtual identity proof, and you’re good to go!
How to get a new PAN card?
Applying for a new PAN card is easy, as all you have to do is visit an online government portal, like the NSDL, and put in your application. You can also call any district-level office for a new PAN card personally and get your job done in no time.
If you have lost your current PAN card or need a new one, you can opt for a new PAN card to keep your PAN number intact. By doing this, you can retain your CIBIL score, which is very helpful in getting the loan application approved faster and at discounted interest rates. So, if you already had a perfect CIBIL score, it would be advisable not to go through the trouble of rebuilding it.
How to apply for the best personal loans with a new PAN card?
Once you have a new card, it is straightforward to apply for a new personal loan online. Pick the individual loan product of your choice and keep the necessary documents handy. Here are the quick steps you need to follow after that:
- Enter your basic details like name, age, gender, occupation, etc.
- Calculate how much EMI you will have to and tenure accordingly.
- Submit your new PAN card along with your Aadhaar card and documents showing proof of income to apply for a personal loan online. Most websites allow you to upload them nowadays.
You can now sit back and relax as your loan application gets processed. Suppose you want to available online to help you with just that, and most banks and lenders offer it on their portal or the mobile app itself for no additional cost. If you have a great relationship with the bank or good credit history, you may also have the option for instant loan approval and quick cash disbursal from the lender.. In that case, there are free EMI calculators
With the help of Finserv MARKETS, you can find some of the best personal loans from various lenders, compare them online, and then pick one that is low on interest, offers a higher loan amount, and suits your needs most.