Planning an Ashtavinayak Yatra but on a Low Budget? Is It Possible to Take a Loan Without a PAN Card?

Planning an Ashtavinayak Yatra but on a Low Budget? Is It Possible to Take a Loan Without a PAN Card?

Ashtavinayak Yatra is a spiritual experience pilgrimage that spans the eight Ganpati temples worshiped in Maharashtra. The journey is not only a religious activity but also of purifying the soul by traveling through it. But organizing the yatra, especially as a one-car trip, is expensive which may be out of reach for all. If you are penniless and want to know if it is possible or not to borrow money without a PAN card, the article will be useful to you.


What Is the Ashtavinayak Yatra

Ashtavinayak Yatra is a mythological pilgrims' journey taken by the majority of followers of Lord Ganesha. The eight shrines where this divine journey is taken are situated in different parts of the state of Maharashtra, including Mumbai, Pune, and surrounding cities. Every one of the shrines is unique in character and symbolizes different forms and mythologies of Lord Ganesha.


The pilgrims can undertake the yatra whenever and wherever they are adaptable, either in a short duration of some days or at their leisure. The car is the most adaptable means of transport for majority of the pilgrims because it provides them with flexibility of route as well as flexibility of time.


Ashtavinayak Yatra Tour by Car Cost

Total Ashtavinayak Yatra car tour is extremely convenient but at some expense. Here's the detail of the cost of Ashtavinayak Yatra tour by car for a small group or family:


1. Travel Expenses

The most significant concern in planning the car yatra is fuel expense. The total distance you are covering is about 650–700 kilometers, with activity in two cities. Fuel expense on your car mileage can range from ₹4,000–₹7,000 for an excursion. If you book a pre-booked car rental plan just for convenience, the expense will be higher, about ₹2,000–₹3,500 per day.


2. Toll Fees

There are some toll plazas on Maharashtra highways. It can be the payment of ₹1,000–₹1,500 as yatra toll amounts.


3. Temple Offerings

There are eight temple circuits, and donations can be offered as a token of devotion, which can be ₹1,000–₹3,000 based on your desire.


4. Food and Lodging

For the visitor, beyond a day's stay, food and shelter will be huge bills. For mid-stay level, it may be ₹1,000–₹1,500 per day, and two-day's food can be ₹1,000–₹2,500 based on group size and eating habit.


5. Miscellaneous Cost

Parking, snack, or souvenir expense can be another ₹500–₹1,000.

Estimated Total Cost: Approximately ₹10,000–₹20,000 for overall trip for small group/family by car.


Organization of such a beautiful yatra is with co-related things to organize your expenses in accordance. But situations like having tight pockets can shun your plan. But believe there is something to organize instant money to quench your spiritual thirst.


Can You Get a Loan Without a PAN Card

PAN card is a mandatory thing in India, especially while doing money transactions. It's mandatory for nearly all banks while taking a loan. However, there are some situations where the individuals, especially from rural or unorganized work sectors, might not have a PAN card but would need funds access.


If you do not possess a PAN card, there are a few other ways in which money can be borrowed against you. How it is done is as follows:


1. Borrowing money from Non-Banking Financial Companies (NBFCs)

NBFCs are comparatively more liberal in their policies than ordinary banks. They may not necessarily insist on the production of the requirement of a PAN card but identification cards like Aadhaar, voter ID, or ration card need to be produced. The majority of NBFCs will offer the loan without PAN card at a slightly higher interest rate to the non-document holders.


2. Borrowing Loans from Small Finance Banks

There are certain small finance banks, whose lending business is to lend loans to borrowers without any formal working background and without a PAN card. They also lend such loans with lending limits, which might be sufficient for your Ashtavinayak Yatra cost.


3. Peer-to-Peer Lending Platforms

All the P2P lending platforms offer borrowers access to lenders willing to offer documentation flexibility. The platforms will usually approve loan applications based on alternative income verification and credit.


4. Collateral-Based Gold Loans

If you own jewelry or some other valuable items, you can go in for a loan against them without providing a PAN card. Gold loans are probably the most hassle-free method of availing cash in India since they require fewer proofs to be furnished.


5. Employer-Assisted Loans

If you are employed, you may even request your employer to advance pay or loan you money at low interest or free of interest. It is the normal practice of most of the employers to advance interest-free or low-interest loans to the employees towards any immediate need without requesting for PAN cards.


6. Microfinance Companies (MFCs) Loans

MFCs are perfect in rural clusters and will proceed to individuals who don't have valid financial documents. Such organizations can charge higher interest but provide loans even if no PAN card is present.


Things to Remember While Taking a Loan Without PAN Card

Although you can avail loans without a PAN card, in most of the situations, there are some things to be kept in mind so that you may make the right choice:


1. Higher Interest Rate

Since you are placed in riskier segments without a PAN card, the interest rate will also be high, thus the repayment cost is also higher for you.


2. Lower Loan Amounts

All the institutions cap the loan amount only to those who don't possess such regular documents as a PAN card. See the sanctioned amount according to your needs.


3. Lender's Credibility

Less paperwork, always check the credibility of the lender. Never be victimized by predatory lenders or new firms with loan offers with unclear terms and conditions.


4. Repayment Tenure

Since you do not possess a PAN, your loan providers might offer you shorter repayment periods. Be sure to repay the loan within time.


5. Substitutes

In case you do not carry your PAN card, be sure to provide suitable alternatives such as an Aadhaar card, driving license, or bank information.


How to Plan an Economic Ashtavinayak Yatra Without Sacrificing Experience


It is possible to plan an Ashtavinayak Yatra on a shoestring too. Do the following:





Conclusion

Ashtavinayak Yatra is a pilgrimage that gets etched in religious memory for a lifetime for those who seek boons and peace of mind. A road trip in an Ashtavinayak Yatra is expensive but not from one's pocket, especially when someone is ready to prepare and arrange finance. With tight budget mouths to feed and no PAN card, there are other alternatives such as NBFC loans, gold loans, peer-to-peer lenders, and microfinance institutions that make your yatra easy with no bother.


Before taking a loan without a PAN card, go through the interest rate, repayment period, and terms and conditions. Apart from that, plan for saving on expenses such as group tours, public transport, and cheaper hotels to save money on spending. Through meticulous planning and entrepreneurial acumen, it is possible to take Ashtavinayak Yatra without any expense to arrange for and enjoy the generosity of Lord Ganesha.