Get A Bank Lender Pan: A Step-By-Step Guide

If you're looking to get a loan from a bank, it's important to know about Permanent Account Numbers (PAN). PAN cards are a vital form of identification in India, and they inform lenders about your financial situation and repayment capacity. In recent times, PAN cards have been the subject of fraud, so it's important to regularly check the active loans associated with your PAN card. This can be done by checking your credit report from credit bureaus such as CIBIL, Experian, Equifax, and CRIF High Mark. Additionally, you can check your active loans by contacting your lender directly or using their net banking or mobile app platforms. When applying for a loan, you'll typically need to provide documentation such as identity and address proof, bank statements, and salary slips, in addition to your PAN card.

Lender's PAN number on a home loan interest certificate

A home loan certificate is a summary of your loan account from your lender. It is a breakdown of the interest and the principal amount you have repaid for the given financial year, and it acts as documentation that you have repaid your home loan.

You can find the PAN number of your bank or financial institution in the home loan interest certificate. This is important because, as a salaried individual, if you have taken a home loan and are looking to get a tax benefit on the principal repaid and the interest paid, you will need to provide certain details about the home loan, such as the home loan lender's name, date of loan disbursement, and the lender's PAN.

You can find your home loan interest certificate by following the steps outlined below:

Online:

• Visit the bank's internet banking website or their official site.
• Click on the login page and enter your online banking account's user ID and password.
• After signing in, choose the "Enquiries" option.
• Select the 'Home loan provisional certificate' option under Enquiries.
• Enter the home loan details for which you want information.
• The home loan statement/provisional certificate will appear after inputting the required information.
• You have the option of viewing, printing, or downloading your home loan statement online.

Offline:

• Pay a visit to the bank location in your area.
• Request a form for a home loan statement, and be sure to fill it out with all the necessary information accurately. This includes the applicant's name, PAN number, date of birth, residential address, and home loan details such as the home loan account number, the email ID of the applicant, and a contact number.
• After you have completed filling out the form, you will need to submit it together with the necessary papers such as a copy of your passport, Aadhar card, or PAN card.

Please note that the process may vary slightly depending on your bank.

Why you need the PAN number of all banks

The permanent account number (PAN) of banks is essential for individuals to claim tax exemptions on their home loans. This is particularly relevant when filing income tax returns, as the PAN number of the financial institution providing the loan must be provided to the Income Tax Department. This is stipulated in Section 24B of the Income Tax Act of 1961, which allows for a reduction in taxable income by deducting the interest paid on home loans.

In addition to this, the PAN number of banks is also required when filling out Form 12BB to claim tax benefits or rebates on investments and expenses. This form must be submitted by employees to their employers to avail of these benefits. Therefore, it is important for individuals to be able to easily access the PAN numbers of their banks, especially when dealing with financial transactions and loan applications.

To streamline the income tax procedure, loan providers have made certain changes to their home loan payment certificates. According to the new system, individuals are no longer required to fill in the PAN number of the bank. However, it is still necessary to provide this information to the Income Tax Department for tax exemption claims.

• State Bank of India (SBI): AAACS8577K
• HDFC Bank: AAACH2702H
• Punjab National Bank (PNB): AAACP0165G

How to check active loans on a PAN card

It is important to regularly check for active loans on your PAN card to monitor your credit health, ensure accurate records, and protect yourself from fraud. Here are four methods to help you check and manage your active loans:

Using credit bureau services:

• Credit bureaus such as CIBIL, Equifax, Experian, and CRIF High Mark offer comprehensive credit reports that include detailed information about your credit history, including loans, credit cards, and payment behaviour.
• To access your credit report, visit the website of your chosen credit bureau and navigate to the section for requesting a report. Provide your PAN card information and any other required personal details. Once your identity is authenticated, you will receive a credit report detailing active loans, their status, outstanding amounts, EMIs, and repayment history associated with your PAN card.
• This method offers a detailed overview of all loans linked to your PAN card and provides insights into your credit score and overall credit health.

Using fintech applications:

• Fintech apps provide a user-friendly platform that offers a consolidated view of your financial activities, including loans, expenses, and investments.
• Download a trusted fintech app and register by linking your PAN card and bank account(s). Once your details are confirmed, you can access the app to view information about active loans associated with your PAN card, along with other financial details.
• Fintech apps offer easy access via smartphone or computer and provide a holistic view of your financial activities, not just limited to loans.

Directly reaching out to the lender:

• Contacting the lender directly can be an effective way to obtain specific information about loans linked to your PAN card.
• Reach out to the bank or financial institution where you have taken out loans and confirm your identity by providing your PAN card details, loan account number (if available), and any other necessary identification documents.
• Inquire about any loans associated with your PAN card and request relevant details such as outstanding amounts, EMIs, and repayment schedules.
• This method allows for direct confirmation from the lender and provides an opportunity to clarify specific queries about your loans.

Using CRIF High Mark:

• CRIF High Mark is one of India's leading credit information companies. To check active loans using CRIF High Mark, follow these steps:
• Visit the CRIF High Mark official website.
• Request your credit report by finding and filling out the form for individuals, using your PAN card number.
• Choose the type of report you need: Free Credit Report, Paid Report (through subscription plans), or Paid Report (excluding score).
• Confirm your identity by answering questions related to your credit history.
• Upon successful verification, your credit report will be delivered to your registered email address and will also be accessible from your account dashboard.
• Remember that accessing your credit report is secure and free once a year, as per RBI guidelines. Review your report for accuracy and understand your credit score, as it reflects your creditworthiness.

By using these methods, you can gain insights into any active loans linked to your PAN card, enabling you to effectively manage your financial obligations and maintain good financial health.

How to check active loans on a PAN card using credit bureau services

It is essential to regularly check the active loans on your PAN card to monitor your credit health and ensure that no fraudulent activities are taking place. Here is a step-by-step guide on how to check active loans on a PAN card using credit bureau services:

Step 1: Choose a Credit Bureau

Select a credit bureau that suits your needs. The prominent credit bureaus in India include CIBIL, Equifax, Experian, and CRIF High Mark. These bureaus provide comprehensive credit reports that list all active and past credit activities, including loans, credit cards, and payment behaviour.

Step 2: Register on the Bureau's Website

Visit the website of your chosen credit bureau and register by providing your personal details, such as your name, PAN number, address proof, and other required information. You will need to verify your registration by entering an OTP sent to your registered mobile number.

Step 3: Access Your Credit Report

Once your registration is confirmed, navigate to the section that provides your credit report. This report will contain detailed information about your active loans, their status, outstanding amounts, EMIs, repayment history, and other relevant details.

Step 4: Review Your Active Loans

Carefully review the information provided in the credit report to identify all active loans associated with your PAN card. This will allow you to monitor your financial obligations and ensure that there are no discrepancies or unauthorised activities.

By following these steps, you can effectively utilise credit bureau services to check active loans on your PAN card. This process will help you maintain good credit health and protect yourself from potential financial fraud.

How to check active loans on a PAN card directly with the lender

It is important to regularly check the active loans on your PAN card to monitor your credit health, ensure accuracy in your credit report, and protect against potential fraud. Here are some ways to check active loans on a PAN card directly with the lender:

Net Banking or Mobile App

This is often the quickest and most convenient option. Most lenders offer platforms where you can log in with your credentials and view your active loans. Here are the steps to follow:

• Sign up using your KYC details like your bank account information and PAN.
• Confirm your credentials and log into your account.
• Go to the ‘Loans’ section to check and manage each active loan.

Checking the Lender's Website

Some lenders allow you to view active loans on their website without logging into online banking. You might need to register or create an account with your PAN card and other details.

Contacting the Lender Directly

Call or email the lender and inquire about your active loans. Provide your PAN card number, name, or loan account number for verification. This might be helpful if you don't have online access.

Checking Loan Statements

Review your most recent paper statements from each lender. These typically include details about your current loan balance, payment due date, and interest rate.

Frequently asked questions