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Linking PAN Card with Aadhaar can prevent loan defaults

Linking PAN Card with Aadhaar can prevent loan defaults

Saturday, May 20, 2017, 4:23 PM

People used to avail loans from banks and financial institutions using different PAN’s. Then they used to default on the loans. Linking Aadhaar to PAN Card can stop this malpractice. Now, if you avail a loan from a bank, you will have to submit PAN Card which is linked to your Aadhaar. Aadhaar is biometrically verified and loan defaulters have no place to hide.
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