How to Check Your Loan Status Using a PAN Card Online?

Knowing how to check your loan status using a PAN card is crucial to safeguarding your finances. This simple act helps track your active loans and monitor your profile for any suspicious activity. Today, you can access credit with just your PAN and this has some implications. 

For one, getting a loan is quicker. However, it has also given rise to instances where fraudsters avail a loan under your name using your PAN details. Therefore, you must generate a credit report periodically to know how many loans are active in your name. This way, you can take the right steps to report such PAN card frauds and save from misuse of your private information.  

Read on to learn about PAN card fraud, steps to check your loan status online and generate free credit reports and more. 

What is PAN Card Fraud or Misuse?

Any instance where your PAN information is used to forge your identity or get access to your accounts is PAN card fraud. These criminal activities have become more common since government regulation of linking Aadhaar numbers with PAN cards and bank accounts. 

Here are a few ways in which PAN card frauds can occur:

• Fraudsters may avail loans in your name
• Fraudsters can rent hotels or vehicles with your identity
• Fraudsters may use your PAN card for verification when opening a bank account 
• Fraudsters may apply for VISA verification with your PAN card as identity proof 
• Fraudsters can withdraw or transfer funds from your bank account using the PAN details 

How to Check Active Loans on a PAN Card?

Here are some ways you can check all your active loans to ensure there are no fraudulent loans in your name and track your loans. 

On the Credit Bureau Website

By registering on one of the four Indian credit bureau’s websites, you can check your number of active loans with a PAN card with the following steps: 

• Step 1: Visit the credit bureau’s official website 
• Step 2: Register with your name, PAN card, address proof, mobile number, etc
• Step 3: Enter the OTP received on your registered mobile number
• Step 4: Check your active loans on your profile 

If you have already registered, you can log in directly to check the number of active loans. 

By Visiting the Lender

You can directly contact the lender to check your loan’s status. For this, you may visit the nearest branch physically, email them or call the customer service executive. The executive will ask for your identity proof and loan details to confirm your loan account. 

Thus, keep the following details with you:

• Your bank account number
• Your full name 
• PAN card number 
• Loan account number 
• Other ID proof
• OTP for verification 

On Fintech Mobile Apps

Many fintech platforms let you check your credit score and generate a report effortlessly with your PAN card and other basic details. If it’s convenient for you, opt for it to know about your active loans.

Also Read: How to check my all loan details online?   

How to Get a Credit Report?

Another way to check your loan status using a PAN Card is by generating a credit report. One option is the CIBIL report, and here are the steps to follow:

• Step 1: Visit the official CIBIL website
• Step 2: Click on the ‘GET FREE CIBIL SCORE & REPORT’ tab
• Step 3: Enter personal details, such as PAN card, email address, first name, date of birth, ID, mobile number, etc
• Step 4: Click on ‘Accept and Continue’, choose the free plan and access your report from the dashboard

If you detect any suspicious activity with your PAN information or notice a drop in your credit score due to an unauthorised transaction, report the incident to the concerned authorities immediately. 

Having a good credit score is important for many reasons, one being that it grants easy access to credit. Staying updated is key and one option you can rely on is the Fibe Credit Score Analyser tool. It allows you to check the areas of improvement and assess the factors influencing your score. It also helps you to see where you stand concerning the best.

If you have a low credit score or no score but need funds for urgent financial requirements, apply for the Fibe Instant Personal Loan. Based on your profile, you can avail of up to ₹5 lakhs at affordable interest rates.  With flexible tenure and no pre-closure charges, this can also help boost your credit score. Download the Personal Loan App or visit our website to get started!

FAQs on Loan Status Using a PAN Card

How do you check if someone has availed of a loan in your name?

The easiest way to check for such activity is to review your credit report. Doing so every month or every few months will keep you informed of such occurrences, as they happen. 

Alternatively, you should pay attention to emails or other notices from lenders that provide information about active loans. This is a common practice and you can always reach out to the lender and inquire about the same.