Blogs & Insights

Is PAN Card Mandatory for a ₹3,30,000 Loan?

A salaried applicant considering a ₹3,30,000 personal loan may first want to know which identity records form part of the application. For IIFL Finance, PAN is currently listed among the KYC and identity documents for personal loans. That makes is pan card mandatory for 330000 rs loan relevant, but the reason needs careful distinction. The requirement should not be explained through a blanket claim that every loan above ₹50,000 legally requires PAN. RBI’s KYC framework and Income-tax PAN rules are more specific. This article explains IIFL’s PAN documentation, credit assessment, Form 60, eligibility, supporting records and PAN-Aadhaar data consistency.