How to Check Active Loan on PAN Card

Gone are the days when you had to wait for weeks or months for personal loan approvals. Today, you can get your 5,000 loan on a PAN card processed even in a matter of seconds. The foremost requirement for securing these personal loans is submitting a PAN card as identity proof.

It has been noticed that PAN cards are becoming the subject of many frauds lately. It is advisable to keep checking the active loans on the PAN card to avoid falling into a fraudulent trap. You can check it through the credit report, as it contains the past activity of your credit that is marked to your PAN card. 

So, let’s begin to know various ways of checking active personal loans or any other loan on a PAN card. 

Ways of Checking Active Loans on PAN Card

We can check active personal loans or any other kind of loan taken on your PAN card through several methods. Let’s know the types in detail:

Check your active loans through credit bureaus.

Credit bureaus, including CIBIL, offer reliable credit reports to see the detailed information of your credit history. You can watch out for entire loans, credit cards, and payment behaviour for future decision-making. 

How to Use

•  Visit the website.
• Reach the section of seeing the credit report.
• Fill PAN details accurately.
• Get the credit report having details of active loans, EMIs, total amount, etc.

Check your active loans by Fintech applications.

Fintech applications offer a seamless platform to ensure seeing financial activities happening on your PAN card. You can see a list of active loans, their status, EMIs, investments, and expenses. 

How to Use

• Simply download a Fintech application from the app store.
• Create your account and register your PAN card and bank accounts with the app.
• Once linked, you will see information pop up about active loans, such as personal loans, available on your PAN card.
• You can also see the additional financial details.

Check your active loans through Lender Directly.

It is effective to get in contact with the lender directly to have the complete information of your loans linked to your PAN card. Lenders give you access to specific details like the total balance, upcoming payments, remaining fees, or anything about your finances. 

How to Use

• Get connected with your lender over a phone call or message. You can reach out to the financial institution where you have taken loans. 
• Provide your PAN card to prove identity. Also, you can help your lender with the loan account number and any other required document to ease the identification process.
• Make a request to provide you with loan information. Also, you can ask for other financial queries like EMIs, repayment schedules, outstanding amounts, etc. 

Why It is Required to Check Active Loans on PAN Card

Your PAN card is the credible way for lenders to get accurate credit history and help you with the correct information. Let’s know the importance of checking your active loans, like personal loans, on your PAN card:

• It will help you to maintain good credit health.
• Any fraudulent activity can be easily detected by regularly checking active loans.
• Having a record of active loans on a PAN card can effectively work in financial planning and management.

How to manage active loans efficiently

• Always ensure timely payments. Set reminders and get the auto-debit facility activated to avoid late payments.
• Keep checking credit score time-to-time to manage multiple loans effectively. 
• You have the option to consolidate all your loans into a single loan.
• Try to apply for small loans like a 5,000 loan on a PAN card to avoid high interest. 

EndNote

It is highly required to keep a record of active loans on a PAN card for healthy financial planning. The above-mentioned steps can help you monitor your loans effectively to minimise the risks along the way. Also, when you require a 5,000 loan on a PAN card or other small funds, it is essential to know your current loan status for better decision-making.