Is e-PAN card valid for education loan?
The government of India has made it mandatory for all the individuals to possess a PAN card that includes a PAN card for students as well. This can act as an identity proof and can also be used for taking education loan for the students to further study domestic or abroad.
Is e-PAN card valid for bank account?
Issued in just 10 minutes in a soft copy format, the e-PAN is equivalent to the laminated PAN card that we are used to. Having a PAN card is mandatory for several purposes like paying income tax, filing income tax returns (ITR), opening a bank account or demat account, applying for a debit or credit card, etc.
Can I get education loan without PAN?
Earlier as part of the documentation process, banks did not ask for a PAN Card but at present most Indian Banks have made it compulsory for students and their parents or co- borrowers to submit a PAN Card when they apply for an education loan with them. …
Can I get student loan without PAN?
A: Yes, you can avail a personal loan without PAN card with some lenders. Instead, use other KYC documents such as Aadhar card and driving license for general verification.
Can epan be use to opening bank account?
The e-PAN is issued within 10 minutes in a PDF format. Applicants can use the PAN number to open bank accounts, start investing etc.
Is ePAN valid for bank KYC?
Anyone filing for an e-PAN needs to have Aadhaar based e-KYC. The Unique Identification Authority of India (UIDAI)’s KYC is leveraged by the IT Department and rolls out instant allotment of e-PAN.
What are the documents required for education loan?
Documents required for Education Loan
- KYC documents.
- Bank Statement / Pass Book of last 6 months.
- Optional – Guarantor Form.
- Copy of admission letter of the Institute along with fees schedule.
- Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses.