---
title: Know Your PAN - PAN Card Verification for Business Loans | Indifi
canonical: https://www.indifi.com/business-loan/know-your-pan
markdown_version: https://www.indifi.com/business-loan/know-your-pan.md
description: Learn about PAN card requirements for business loans at Indifi. Verify your PAN, understand business vs personal PAN, and the role of PAN in loan eligibility.
content_type: tool_page
operator: Indifi Technologies Pvt. Ltd.
lending_entity_note: Loans facilitated through RBI-registered NBFC partners and through Indifi Capital Private Limited (RBI Cert. No. B-14.03389)
last_updated: 2026-06-01
---


# Know Your PAN - Business Loan PAN Requirements

> PAN (Permanent Account Number) is a mandatory document for all business loan applications at Indifi. Both the entity PAN (for companies, LLPs, partnerships) and the promoter's personal PAN are required. PAN is used for KYC verification and credit bureau checks.

## What is PAN?

PAN is a 10-character alphanumeric identifier issued by the Income Tax Department of India. It is unique to each entity - individual, company, partnership, or trust. PAN is linked to all financial transactions and is mandatory for:
- Bank account opening
- Loan applications
- Income tax filing
- Business registration

## Types of PAN

| Type | Fourth Character | Issued To |
|---|---|---|
| Individual PAN | P | Persons |
| Company PAN | C | Companies |
| HUF PAN | H | Hindu Undivided Family |
| Partnership PAN | F | Firms/Partnerships |
| Trust PAN | T | Trusts |
| LLP/AOP/BOI | A | Association of Persons |

## PAN Requirements for Business Loan at Indifi

**Proprietorship:** Promoter's individual PAN (business uses owner's PAN)
**Partnership Firm:** Firm PAN + all partner PANs
**LLP:** LLP PAN + designated partner PANs
**Private Limited:** Company PAN + director PANs

## How to Verify PAN

The Income Tax Department's e-filing portal allows PAN verification:
- Visit: https://www.incometax.gov.in
- Use the "Verify Your PAN" feature
- Enter PAN number, date of birth, and registered name

## How to Apply for PAN

- **Online:** NSDL portal (https://www.onlineservices.nsdl.com) or UTI portal
- **Form:** Form 49A for Indian citizens, Form 49AA for foreign nationals
- **Processing time:** 10-15 working days; e-PAN available within 48 hours for Aadhaar-linked applications

## Common PAN Issues in Loan Applications

| Issue | Solution |
|---|---|
| Name mismatch (PAN vs Aadhaar) | Update name in either document to match |
| Expired or lost PAN | Apply for duplicate PAN at NSDL/UTI |
| Business using wrong PAN type | Ensure entity PAN, not individual PAN for companies |
| Multiple PANs | Surrender duplicate; illegal to hold more than one |

## Related Pages

- [Credit Score](https://www.indifi.com/business-loan/credit-score)
- [Business Loan](https://www.indifi.com/business-loan)
- [FAQ](https://www.indifi.com/faq)

## About Indifi

Indifi Technologies Pvt. Ltd. is India's digital MSME lending platform. Indifi Capital Pvt. Ltd. (RBI Cert. No. B-14.03389) is its in-house NBFC. 100,000+ loans disbursed across 400+ cities.

**Registered office:** Plot-19, Ground Floor, Block C, Sewa Tower, Sector-18, Phase-4, Udyog Vihar, Gurugram, Haryana-122015, India

## Disclaimer

Loan approval is subject to eligibility assessment and Indifi's underwriting policies. Rates and fees are indicative and may vary.