Will I get a personal loan ? I have 2 different PAN Cards !

POSTED BY nrichwealth ON March 3, 2014 3:12 pm COMMENTS (30)

Hi Manish,

Thanks for your help!

I was working in a MNC from 2011-2013 as AVP after my MBA. After that I started my own firm, unfortunately my plan did not work out so I had to join back to some other company. I never had any loans( credit history) so far. I got my Cibil report and it is showing no transactions. Now I would like to apply for a big personal loan. Do you see any challenges to get a loan? Do banks ask question on not having a credit history?

One more thing is – When I applied for PAN I got 2 cards with 2 different numbers. I have only used one card for all my banking transactions. The other one I have retained but not coated in any transaction and not planning to do so. If I give this new card to the new company and surrender to IT dept , is that also abide the law.

Eagerly waiting for your reply!

Thanks!

30 replies on this article “Will I get a personal loan ? I have 2 different PAN Cards !”

  1. Yousuf says:

    Hi Manish,

    I applied for personal loan, but it got rejected saying you have two pan cards under your name. I do have two pan cards that’s because my DOB got printed incorrectly on the first one so i applied for second pan card. Now, i have second pan card with different pan number. I never used the pan card with wrong DOB, now i surrendered the wrong pan card. The IT guy checked with the pan number and informed me that there is no loan or any issue with your pan card you can submit it and i do have application number with me. Now when i inquire with the IT department they say that the application has not been processed yet it’s been 2 months now. Could i apply for loan by submitting the application copy which i got after surrendering the wrong pan card?

    Please advise on this.

    1. Jagoinvestor says:

      You will have to talk to the loan people only on this .. Their decision will be final !

  2. Rafi says:

    Hi Sir,

    when i am studying graduation 2004 i applied pan card which i get missed and there is no transaction on that pan card.
    My bad pan card get missed and i am not able to remember the pan card number ,so i applied for another pan card which i am currently using now for all my IT.

    when i am applying loan bank is saying that 2 pan cards are showing ,they said to cancel old one.

    i want to cancel old one ,but i did not remember the old one pan number.

    Please suggest where i can get first pan number which is old one.

    Thanks
    Appreciate for your help

    1. I dont know if there is any good way to find it out !

  3. Inwar says:

    Hi Manish, I took 2 Personal loans in 2006. Recently I settled both of them after not paying the dues for a very long time.
    My question is : I have not submitted my PAN number while taking the loans. Will the settlement effect my credit report?

    1. Yes, it will still impact your credit report

  4. monisha says:

    HI
    I lost my pan card and i dont have pan number so what should i do, then can i apply new pan pls suggest

    1. YOu can apply for duplicate PAN card now !

  5. Anukesh Sharma says:

    Hi Manish,

    I am having two pan cards. Because of CIBIL issue I have taken Housing loan on another Pan card. But issue is , in my job or other banking purpose i am using my old and original pan card only.

    I want to surrender one Pan Card and want to be free mind. Can you please suggest what should i do in this situation.

    1. Keeping two PAn is illegal . Please surrender one of them asap

    2. umesh soni says:

      hello anukesh sharma i would like to talk with you regarding this because i am facing the same issue and would like to know the solution….have you got any…please reply me

    3. umesh soni says:

      contact me by mailing on umeshsoni72@yahoo.com

  6. Nanu says:

    Hello Sir,

    I have 2 PAN cards. On 1st one I had taken the personal loan and credit card after that I was unable to make full payment, so I had done with settlement for CC and Personal loan HDFC Bank. Now my CIBIL went down and no bank was giving me Credit card.
    So I had applied for the 2nd PAN card and I got that. Now I am using my 2nd PAN card everywhere but I wanted to surrender my 1st PAN card which have CIBIL issue. Is it possible to surrender 1st one without any issue?

    Your suggestion will solve my big problem.

    1. First, having 2 PAN is illegal ! and second, you cant resolve CIBIL issues like this. You need to make the full payments to resolve the issue

    2. karthik says:

      hello nanu i am also facing same problem can you tell me how did you get 2nd pan card with different date of birth or same can you suggest me how to get it

  7. sunil says:

    you may get some idea from here and get all the information relevante your query is approciate to you now visit here

    http://knowyourpan.net/how-to-check-pan-card-status/

  8. Thejeshwara says:

    Hi friends first I hade problem with transaction like bajaj and ICICI credit card, from past so many years so what I did my name is wrong in pancard, so we I did I applauded for new pan I got with A series, after that I applyEd for bajaj for consumer electronics loan it’s approud and in bajaj experea portal it’s showing 789 cibill paints but I applyEd for personal loan in hdfc it’s not getting approup please help me regarding the same and call me back 9164417276

  9. tuhina says:

    Hi Manish, I have little complicated situation, I got a (Pan card A) in the year 2006 with my first job with incorrect or partially correct name, got the salary bank account with the same card and was given a mini credit card worth14K, I was 20 at that time and was not aware of CC.. used it and defaulted, however needed a loan later on for my sis marriage and was rejected, DSA loan company suggested to get the name changed in the PAN and see what happens. In 2010 I filled online form to get the name corrected, they corrected the name and issued a new pan card with a NEW PAN NUMBER (Pan card B) ? , I got loan on that PAN card B, later got car loan, 4 credit card worth Lacks of rupees.. unfortunately my wife suffered ovarian cancer which took all our credit savings and worthiness, I end up settling cards but paid all the loans in full.. now PAN B CIBIL is under 400, I was again advised to go back to my original PAN card and request NDSL to change the name keeping the PAN card number same (PAN CARD A), I applied and they did it and I surrendered the other pan card (PAN B) in the same application form…. now I got the original Pan card with correct name on it i.e. PAN A just 2 weeks back, I tried pulling the CIBIL, CIBIL says they don’t have any records of the PAN A and asked me to wait for another week and requested for some address proofs docs and all I sent and waiting for the response.. Question 1) As per NDSL both the PANs are in active mode now how to deactivate PAN B which I have already surrendered. 2) what are the possibilities that both the PAN would be linked ? which may reflect my history of the other card on the original one ?

    Note : Ordinal pan card A had a mini credit card unpaid, however its been 10 yrs I am sure it should not reflect now.

    1. Hi tuhina

      Thanks for asking your question. However, I dont think I am eligible to answer your query as its either out of scope of my knowledge or its not related to money matter directly

      Manish

      1. tuhina says:

        Olright thanks for replying.. will keep you posted what CIBIL finally says ..

        1. Srinivas says:

          Hi tuhina,
          Please advise what happened later and how did you resolve your issue. I’ve more or less a similar problem. Appreciate your suggestion..

      2. Thejeshwara C says:

        Hi Manish I hve blocked my old pan card and i closed my all bank accountns is it if i am applying for loan or cc it will get aprou ot whatu say

        1. I am not sure what you are asking. What do you mean by blocking your PAN ?

  10. Abishekgodse says:

    Hi All,

    I have received a my pan card last month. since i wanted to buy a new phone, i went to one of the mobile stores and spoke to one of the bajaj financial guy told me that since i am a fresh buyer through finance I am eligible for only consumer Goods not for gadgets. if i apply for gadgets or personal loan, i will be rejected. I want to apply for a personal loan and credit card. please advise will i get a loan using my pan card.

    1. Hi Abishekgodse

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that

      Manish

  11. ashalanshu says:

    Dear Nrichwealth, ignorance of law is not a bliss. Actually you should submit your old PAN now to your employer by stating clearly that you wrongly provided your unused PAN and now you want to correct the mistake as you are going to surrender the unused PAN. Your employer ‘ll only help you in this process.

    Thanks

    Ashal

  12. nrichwealth says:

    Thanks Ashal.. But the problem here is inadvertently I have submitted my unused pan in new company. I normally do everything cash based transactions. So did not have any loans, cards (credit) ( did not even apply). If I go to the employer now admitting that I have given a different pan my employment will be at stake. As one of my friends advised me that going forward use the one I submitted in new office and discard the old one ( close all bank accounts related to old PAN) and dont do any transactions. Both PAN cards were delivered in a gap of one month and one is showing only may name and other is with my name and first letter of my initial. Hence I needed expert advice as I am really not aware of these IT department related issues.

    Thanks

  13. ashalanshu says:

    Dear Nrishwealth, to give you the desired loan amount or not ‘ll be dediced by the lending intitution based upon your income, cibil score, report, other paramters. Regarding the unused PAN card, please surrender imediately as holding 2 PAN cards is a punishable offence.

    Thanks

    Ashal

    1. nrichwealth says:

      Thanks Ashal.. But the problem here is inadvertently I have submitted my unused pan in new company. I normally do everything cash based transactions. So did not have any loans, cards (credit) ( did not even apply). If I go to the employer now admitting that I have given a different pan my employment will be at stake. As one of my friends advised me that going forward use the one I submitted in new office and discard the old one ( close all bank accounts related to old PAN) and dont do any transactions. Both PAN cards were delivered in a gap of one month and one is showing only may name and other is with my name and first letter of my initial. Hence I needed expert advice as I am really not aware of these IT department related issues.
      Thanks

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today