Today’s financial world is too dynamic, and managing loans effectively is crucial to avoid fraud. Be it a personal loan, home loan, or other, keeping an eye on multiple loans is important. And, if you are searching for “how to check my all loan details by pan number," your PAN (Permanent Account Number) is your key to ease this process.
The below information walks you thoroughly to the way of using your PAN number to access and track all loan details and manage the finances mannerfully.
Why is PAN Number Crucial for Loan Details?
Your PAN number helps you in several ways for all your financial transactions. You must have it linked to your credit reports, loan applications, and other relatable details; loan providers consider it to track your loan history and manage finances. Let’s know the importance of PAN number:
To manage financial records: As all loans are linked to your PAN, it enables you to access an accurate report.
To Manage Transparency: It offers the record of your loan history and everything related to it.
For the convenience: All you require is just a single number to access the entire loan details and other information.
Crucial Steps to Check Loan Details by PAN Number
Let’s walk through the step-by-step guide helping you check your loan details with PAN number:
Visit Your Credit Bureau Website
Credit bureaus tend to maintain the accurate details of your loans. Let’s see how to use the platform correctly:
Simply reach the credit bureau’s official website.
Log in to your account and register if you don’t already have one.
Now, enter your PAN number.
Fill in the other necessary details to complete the authentication process.
Then, you get access to your credit report to find all active loans and closed loans.
Pro Tip: CIBIL is considered the widely used and trusted credit bureau in India. You should be sure your account is active to avoid delays in accessing your report.
Uses of Online Portals of Banks
If you have borrowed loans from any specific bank, you can directly ask them to provide your loan details. Here is the guide to navigate through:
Start by navigating the net banking or mobile banking application.
Once you logged in, reach out to the “Loans” section.
Simply enter the accurate PAN number for verification and to fetch your details.
Consider third-party financial platforms
There are numerous fintech platforms that facilitate their borrowers to check loan details seamlessly. Have a step-by-step guide below:
You are required to create an account on the platform.
Enter PAN details to access the loan records.
You may get more opportunity to access additional insights, including EMI schedules, credit scores, etc.
Ask the lender directly
If you have considered any NBFCs (non-banking financial companies) or any other smaller financial institutions, you need to:
Make a call to the customer service of the lender.
Offer a PAN number for the verification process.
Submit your request for a detailed statement of all your loans.
Loan Details You Can Access Using PAN
Here is the loan information that you are allowed to avail of through your PAN number.
Detail | Description |
Loan Types | Personal loans, home loans, car loans, education loans, etc. |
Loan Status | Information about active, closed, or defaulted loans. |
Outstanding Amounts | Remaining principal amount, accrued interest, and any penalties. |
EMI History | Details of paid, missed, or upcoming EMIs. |
Loan Tenure | Start and end dates of the loan term. |
Lender Information | Names and contact details of your loan providers. |
Precautions You Should Know of Using PAN Number Online
We have read so many benefits of using PAN numbers online; at the same time, it is essential to be aware of the precautions you should follow:
Ensure you are using a secure platform or website, such as an authorised bank’s portal.
Do not use unsecured or public Wi-Fi to share sensitive information like your PAN through avoidable networks.
Ensure monitoring PAN SMS by regularly checking your credit report. It helps to spot unauthorised loans or transactions.
Final Thoughts
You can have a seamless experience checking your loan details using your PAN number and managing finances wisely. The above-mentioned ways of accessing loan details are amazingly helping you to offer information about your loans quickly. Timely checking out the loan details makes you informed with your upcoming EMIs to avoid delays and enhances other financial awareness that safeguards you from errors.
Frequently Asked Questions
Can I check my loan details for free using PAN?
Yes. You can consider using credit bureaus like CIBIL, as they offer one free credit report per year. Some banks and third-party platforms may also provide free access to loan details.
How long does it take to fetch loan details using PAN?
Can I check someone else’s loan details using their PAN?
What should I do if I find an unauthorised loan linked to my PAN?
Is it safe to use third-party platforms to check loan details?
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