How to Check Personal Loan Status
31 July, 2024
Synopsis
Lenders typically take a few days to approve Personal Loans.
They let you check your Personal Loan status through online and offline modes.
You’ll need your loan reference or proposal number to check your Personal Loan status.
Personal Loans are easy to obtain, and you can apply for them online or offline. When you apply for the loan, the lender typically takes a couple of days to verify your application. The lender assesses your loan requirements and documents and decides whether or not you are eligible. During this period, if you wish to know the status of your Personal Loan, you can check it through different methods. This article explains the different ways of how to check Personal Loan status.
How to Track My Personal Loan Status – The Prerequisites
Lenders today process Personal Loans swiftly, typically disbursing funds within 24-48 hours. But when you apply for a loan during an emergency, you may wish to know about your loan status periodically, which you can do through online and offline methods. To track the loan status, you must ensure you have the following data handy:
Your loan application/proposal number issued by the lender upon receiving your application.
Your Registered Mobile Number (RMN).
Your PAN number or Aadhaar Number for identity verification.
Different Ways to Check Personal Loan Status Online
The following are the different ways you can track Personal Loan status online:
Through the Lender’s Website:
The most obvious way to check your loan status is to visit the lender’s official website. When you apply for a loan, the lender typically creates your loan proposal/reference number and sends a link to your email and mobile number. You simply need to open that email and click on the link to be redirected to the lender’s website, where you can check the loan status.Through Your Internet/Mobile Banking Application
Most borrowers prefer to apply for Personal Loans from banks with which they have an existing relationship. In case you opt to do so, you can track your loan application by logging into your internet or mobile banking account and heading to the section dedicated to Personal Loans. You should be able to track your loan status there.
How To Check My Personal Loan Status Offline
Other than the online methods, lenders also allow you to conduct enquiries about your loan status offline via the following methods:
Through Customer Care Helplines
Every bank and Non-Banking Financial Company (NBFC) offering loans has a dedicated toll-free number on which you can call any time to make enquiries about your loan status. You can call on these numbers. Remember to have your reference number, RMN and/or PAN/Aadhaar details handy to complete the identity verification process on the call.By Visiting the Bank Branch/Lender’s Office
If you prefer to conduct an in-person verification about your loan status, it is always best to head straight to the lender’s office. Go to the nearest branch of the bank to inquire about your loan status. Here also you must carry the documents comprising the loan details to assist with the enquiry.
Apply for Instant Xpress Personal Loans From HDFC Bank
Whether you need loans to fund contingencies or to pay for high-ticket expenses, you can obtain an instant Personal Loan From HDFC Bank. You can apply for the loan online, track your loan status through our tracking form and enjoy fund disbursements within 4-48 hours. Our simple online process with paperless documentation helps you get the necessary funds quickly.
*Disclaimer: Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Personal Loan at the sole discretion of HDFC Bank Limited. Loan disbursal is subject to documentation and verification as per Bank’s requirement. Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates.
