Not every time you apply for a personal loan can be a great experience, especially when you are eagerly waiting to hear back from the lender. But if you know how to check the status of your personal loan application, then you can always stay updated on its progress and have peace of mind.
In this article, you would understand the methods of checking the status of loan applications via bank website, mobile app, net banking, and offline ways.
Methods to Check Your Personal Loan Application Status
Here are the major online and offline methods to check the status of loan applications:
Online Methods of Checking Personal Loan Application Status
Bank Website
Quite the usual way to check online loan application status! Most banks have a dedicated section on their website where you can track your loan application status. Simply log in to your account using your credentials, go to the loan section, and click on the ‘Track Application Status’ link to check the status.
Mobile App
You also have mobile apps from respective banks and financial institutions which allow you to check the status of your loan application. Download the lender’s app, log in with your credentials, and look for the loan section. There should be an option to view the status of your application.
Net Banking
If you have net banking services enabled, you can check your instant personal loan application status directly through your bank’s website. Log in to your net banking account, go to the loan section, and find the option to check the status of your application.
Also Read – Reasons why Personal Loan Applications Get Rejected
Offline Methods of Checking Personal Loan Application Status
Customer Services
You can also call the bank’s customer service number to enquire about your loan application status. However, make sure to have your application number or any reference number handy when you call.
Visit the Branch
Another effective way to check your loan application status is by visiting the bank’s branch in person. But you must have your application form and any relevant documents before talking to a loan officer or customer service representative at the bank.
Why Staying Informed Matters?
You should always know how to check your loan status if you have applied for a personal loan. The more informed you are, the better plans you make with your money. So, make sure you are always updated about the loan status even after it is approved. If you know well in advance that your loan is approved, you can plan your finances to pay the EMIs on time. If it is delayed or rejected, you will have the time to find out why your loan is rejected and take action accordingly.
Tips for Efficient Tracking Personal Loan Status
Here are some useful tips on how to track personal loan status efficiently:
- Always note down your application number or reference ID.
- Make it a habit to check the bank’s website or mobile app regularly for any updates.
- If you encounter any issues or delays, do not hesitate to call customer support.
- If online methods are not providing sufficient information, make sure to make a visit to the branch.
Additional Benefits of CASHe Personal Loan
Here are some of the major benefits you can avail with a CASHe personal loan:
- Quick Loan Approval – Get your loan approved within a few minutes.
- Minimal Documentation – You just need to submit basic documents like valid ID proof and income details.
- Flexible Loan Amounts – With CASHe, you can borrow loan amounts ranging from ₹50,000 to ₹3 Lakh, depending on your requirements and eligibility.
- No Need for Security – You do not have to give property or gold as a guarantee as CASHe loans are unsecured.
- Easy Repayment: You can select a repayment tenure of up to 540 days.
- 100% Online Process – You can apply for a CASHe personal loan online using the CASHe app from anywhere anytime. Using your phone, you can also check your loan status easily.
- Great Customer Support – CASHe has an efficient team that looks after customers’ queries and concerns on priority.
Conclusion
Whether you choose to use online methods like the bank’s website, mobile app, or net banking, or prefer offline options such as calling customer service or visiting the branch, you should be aware of all methods of checking your loan application status for your convenience.
Meanwhile, if you are looking for an instant personal loan with competitive interest rates, hassle-free application, and flexible repayment options, download the CASHe app right away!
FAQs
1. What details are required to check my personal loan application status?
Usually, you need your application number, mobile number, or reference ID to check your personal loan application status.
2. Can I check my loan status if I don’t have internet access?
Yes, you can check your loan status by calling customer service or visiting the bank branch in person.
3. What should I do if I can’t find my application status online?
If you cannot find your status online, try calling customer support or visiting the bank branch for assistance.
4. Will I be notified if my loan application is rejected?
Yes, most lenders usually notify you via email or SMS if your loan application is rejected. You can also check the status online or through customer service for detailed information.
