How do check all loan details by pan number?

To check loan details using a PAN (Permanent Account Number), borrowers can follow various methods provided by financial institutions and credit bureaus in India. Here's a detailed explanation of how you can check all loan details with your PAN number:

Credit Report from Credit Bureaus

• Overview: One of the most effective ways to check all your loan details using your PAN is by accessing your credit report from a credit bureau such as CIBIL, Equifax, Experian, or CRIF High Mark. These bureaus track your financial activities, including all active and past loans, credit card usage, and payment history.
• Steps to Check:

1. Visit the official website of a credit bureau (e.g., CIBIL).
2. Register using your basic details like name, PAN number, date of birth, and email address.
3. Verify your identity by answering a few security questions or through OTP authentication.
4. After registration, download your credit report, which will display all your loan details, including loan type personal loan, home loan, car loan, etc. outstanding balance, repayment history, and other key information.

• Advantages: This method gives a comprehensive view of your credit history across all financial institutions. The report also includes any missed payments, defaults, or closed loans.
• Caveat: Credit reports are often free once a year, but additional reports may require a fee.

Using Your Bank’s Net Banking or Mobile App

• Overview: Many banks offer detailed loan account statements and statuses directly through their net banking portals or mobile apps. If your loan is with a particular bank, you can access all loan-related information with your PAN number after logging into your bank’s platform.
• Steps to Check:

1. Log in to your bank’s net banking portal or mobile app using your credentials.
2. Navigate to the ‘Loans’ section or ‘Credit’ tab.
3. Enter your PAN number to retrieve any loans linked to your account.
4. The system will display details such as loan amount, EMI schedule, tenure, interest rate, and repayment status.

• Advantages: Direct access to real-time data for your active loan accounts. Banks may also show EMIs due, upcoming payments, and prepayment options.
• Caveat: This method will only work if the loan is associated with the specific bank’s system.

Contact Your Lender’s Customer Care

• Overview: If you're not comfortable using online platforms or prefer speaking to someone, you can contact the customer care service of your lender or financial institution. By providing your PAN number, the customer care agent can pull up all loan details related to your account.
• Steps to Check:

1. Call the customer service number of the lender.
2. Provide your PAN number and other verification details (such as date of birth or registered mobile number).
3. The customer care representative will inform you of your loan details, including outstanding amounts, EMI schedule, and tenure.

• Advantages: Personalized service and the ability to ask specific questions about your loan.
• Caveat: Limited to the specific lender you contact.

Loan Information on Financial Marketplaces

• Overview: Financial marketplaces such as Investkraft, Paisabazaar, BankBazaar, or others provide a consolidated platform where you can check various loan details across multiple lenders by entering your PAN number. These platforms aggregate data from different banks, making it easier to track multiple loans.
• Steps to Check:

1. Visit a trusted financial marketplace website.
2. Enter your PAN number and other relevant details like mobile number and date of birth.
3. Complete the verification process using OTP sent to your registered mobile number.
4. View all the loan-related details such as outstanding balances, interest rates, and EMIs.

• Advantages: This method is convenient for those who have taken loans from multiple banks and want a single platform to track all details.

Visit Your Bank or Lender in Person

• Overview: If you're not comfortable with online methods, you can physically visit the branch of your lender to request loan details. By providing your PAN number, the bank representative can assist you in retrieving all loan information.
• Steps to Check:

1. Visit the nearest branch of your bank or lender.
2. Carry your PAN card and an identity proof document for verification.
3. Request loan details from the bank representative.
4. The bank will provide a printed or digital copy of your loan status, including outstanding dues, interest rates, repayment schedule, and loan tenure.

• Advantages: Face-to-face interaction and instant resolution of any doubts.
• Caveat: Time-consuming as it requires a physical visit to the branch.

Use of Government Portals like NSDL or Income Tax Portal

• Overview: You can also check loan details indirectly through government portals like NSDL or the Income Tax portal. These platforms allow you to access financial information linked to your PAN, including loans claimed for tax benefits.
• Steps to Check:

1. Log in to the Income Tax e-filing portal.
2. Go to the ‘My Account’ section and select ‘View Form 26AS.’
3. You can check any loans where tax benefits are claimed under sections like 80C or 24(b) (for home loans).
4. Alternatively, you can check TDS details linked to loan payments in NSDL’s portal.

• Advantages: Useful for verifying tax-related aspects of loans, especially for home loans or education loans.
• Caveat: This method may not show all the details of personal loans or unsecured loans.

Key Points to Keep in Mind:

• Ensure that your PAN number is updated with all your financial institutions, as this is the key identifier across banks and credit bureaus.
• Regularly checking your credit report helps maintain a good credit score and ensures that you are aware of your loan repayment status.
• Be cautious of sharing your PAN number on unsecured platforms to avoid identity theft or fraud.

Conclusion:

Using your PAN number to check loan details is a simple and effective process, whether through credit bureaus, banks, or government portals. Each method offers distinct advantages, depending on whether you need a comprehensive view or specific loan details. By regularly reviewing your loan details, you can manage repayments more efficiently and stay on top of your financial obligations.