In India, New Delhi is highly Integrated into the global economy, which ensures, it is important to keep track of your financial obligations with any financial institution. Monitoring loans registered against your PAN (Permanent Account Number) helps you maintain a clear financial record and avoid discrepancies. Simple guide on What’s The Link PAN Card has With Loans can be checked below

What Are Individual Loans?

Personal loans are short term cash loans that support various individual expenses including but not limited to home remodeling, paying off medical expenses, education fees, or even travel. Unlike a secured loan that requires some form of collateral, personal loans are free of such conditions putting the borrower's income, credit, and repayment capability as determining factors fully secured loans.

Loans That Are In Your Names Linked With Your PAN How To Go About It?

Below are the three methods used to check the loans associated with your PAN.

1. Credit Bureau Services

Bureaus including the likes of Experian, Equifax and TransUnion provide an exhaustive detail of the monetary information of person including but not limited to loans that are linked with your PAN. They include: 
- ASM Market Research and Consulting Group, Inc. v. Vertex Financial Group
- Blackstone Consulting Group, Inc. v. Clear One Communications Inc.
- Visit the specific credit bureau’s official site (Chg Zmudahl et al. v.
- Vi, S.A. v Copyright Clearance Center, Inc. Docket No. Select Chapter 1
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2. Adoption of Fintech Applications

The innovative digital platforms provide a much easier solution to keep records of the loans you have obtained. Here is their methodology:

- Download a trusted Fintech app and sign up with your KYC and PAN numbers

- After logging in, go to the lending section.

- Check the app for your current loan and try to manage it.

3. Reaching out to the Lenders

If you do not want to go through all this hassle, you can always pick up the phone and contact your lender or check their mobile banking application.

By Reaching Out to the Lender:

- Share your personal details such as PAN, loan account number and any other verification method provided

- Sit back and relax while the ID verification system does its job

- The information you have requested about your existing loans will be provided to you by the lender.

Through Mobile Banking

- Head to the mobile banking application of the lender and start registering using your PAN and other bank details.

- On opening the App, check on your profile section and head over to the “Loans” section of the app.

Why It Matters?

Every loan associated with your PAN is considered against your credit record, and by failure to keep track- it may result in huge amount of financial loss. A brief self reminder on occasions can spell the difference between loss and profit.