With a higher credit score and a good income, you can easily borrow a 25000 loan on PAN card where you will get instant approval, easy application, and fast disbursal with affordable tenure and interest.
Getting a personal loan becomes easier for those having instant cash requirements which might be required for various household needs, especially when you choose the perfect lender, and already have a higher CIBIL score. There are various features and benefits for the personal that help you get instant financial support and also enhance your credit score.
So, if you are planning to borrow a Personal loan, let’s follow the step-by-step guide that can help you get the loan shortly.
How to Apply 25000 loan on PAN card
- Go to the application page by clicking “Apply Now”
- Fill out the application form with all the details. Especially your personal loan amount, and personal details like Name, Contact details, and all.
- Upload the required documents, especially your PAN, Aadhar Card, salary slip, Bank statement, and others as per the requirements.
- Get the approval and disbursal in a few minutes after a satisfactory verification from the executive.
- Repay the loan amount according to the approved tenure
Features and benefits of personal loan
An emergency loan becomes beneficial for your household needs, especially during an emergency where you might require a loan for a medical emergency, to purchase some home appliance or any other, and then getting a loan is beneficial due to various features and these are.
- 24×7 Availability: The application process for a personal loan is available 24/7 where you can apply for the loan as per your requirements.
- Easy Application: With the easy application, you can submit your loan application at any time, where, the application process is so easy.
- Fast approval and instant disbursal: Your loan application is approved shortly, especially when you have sufficient income as per the loan amount and a higher credit score.
- No-Collateral Required: You will be able to apply for the loan without any collateral because your income and credit score are the main grounds on which your loan application is accepted and approved.
- Competitive Interest: The competitive interest of a personal loan helps you get the loan at an affordable rate so that the loan amount can be managed easily.
- Maintain and Enhance Credit Score: Your credit score is enhanced with regular borrowing and repayment so that you can get better financial support with ease.
Eligibility criteria for 25000 loan on PAN Card
The eligibility criteria for an Emergency Loan always depend on various factors where the credit score and income of the customers are prominent. Because, while verifying the eligibility, your credit score and incomes is verified, initially. When the lender finds you eligible with these, they check another factor. Therefore, the factors deciding eligibility criteria are as follows.
- Age: It must not be above 18 and up to 65 years old
- Income: The income must be at least 35000 per month. However, it depends on the type of loan i..e, short-term loan, or long-term loan. For short-term personal loans, the income might be higher.
- Credit Score: It must be above 750
- Documents Required: The documents required are PAN, Aadhar card, salary slip, Bank statement, ITR (especially required for the self-employed), utility bills like electricity bills, phone bills, and rent agreement.
- ctus nec ullamcorper mattis, pulvinar dapibus leo.
EMI calculator of 25000 loan on PAN card
While borrowing with multiple EMI options, you must have ideas for calculating EMI for the desired tenure. Therefore, by using all the data like personal loan amount P, rate of interest and tenure. And formula used for the EMI calculation is
P x R x (1+R)^N] / [(1+R)^N-1]
P= Principal or your loan amount
R= Rate of interest
N Tenure (loan term in a number of years)
For example, when you borrow Rs. 25000 with an interest rate of 11% and tenure of one year i.e., 12 months, the repayment amount will be
EMI: 2210
Total amount: 26512
Conclusion
A personal loan for any financial requirements is always available for those having sufficient income and credit score. You can apply for a 25000 loan on a PAN card with ease where you must fulfil all the eligibility criteria, especially with the credit score and income. With the specific features and benefits, you will get the best experience of borrowing, especially when you are eligible for the loan. However, before completing the application form, you must check your eligibility and terms and conditions for the personal loan. If you are eligible, and you are getting the loan with affordable terms like interest and tenure, apply for the loan easily and get your disbursal in a few minutes.
Disclaimers
The information provided in this blog is for informational purposes only and should not be considered financial or legal advice. Loan terms, interest rates, and eligibility criteria may vary based on the lender’s policies. Readers are advised to verify details with financial institutions before making any decisions. We do not guarantee loan approval or endorse any specific lender.
