I don’t have a PAN card. Can I still get a four-wheeler loan at Buddy Loan?

What is a PAN number?
The permanent account number abbreviated as the PAN number is an electronic system in
which all the tax details of an individual are stored against a single ten-digit number. It is a
mandatory requirement for all taxpayers in India. Issued by the Indian income tax department
under the Indian income tax department, the number is unique to every taxpaying entity. In this
case, that is a business or an individual. PAN numbers are important as it can come of
advantage during tax deduction. Availing it via a loan aggregator can make your work easer.
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The number is essential when opening a bank account, purchase, and sale of assets. The name
is unique to each taxpaying entity.
Who should apply for PAN card
 Artificial judicial persons
 Local authorities
 Limited partnership
 Association of persons
 Companies
 Any grown-up individual
 Partnership firms
 Trusts
 Mentally disabled persons (submitted by their representatives)
 Hindu undivided families
 Minors when appointed to nominee positions.
Importance of the PAN number
 Acquiring a loan
 Purchasing, Selling and renting of property
 Cash deposits
 Telephone connections
 Insurance payments
 Opening bank account
 Purchase of jewellery
 Making Investments
 Buying and selling of a motor vehicle
 Investing in shares
 Opening a trading or Demat account
The unique number is significant to the lender, especially when you are purchasing and
registering the car.