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.
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.
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.
