{"id":188379,"date":"2024-01-08T11:54:00","date_gmt":"2024-01-08T11:54:00","guid":{"rendered":"https:\/\/www.cashe.co.in\/?p=188379"},"modified":"2024-06-28T14:22:29","modified_gmt":"2024-06-28T14:22:29","slug":"loan-statement-how-to-check-and-download-personal-loan-statement","status":"publish","type":"post","link":"https:\/\/www.cashe.co.in\/our-blog\/loan-statement-how-to-check-and-download-personal-loan-statement\/","title":{"rendered":"Loan Statement: How to Check and Download Personal Loan Statement"},"content":{"rendered":"\n
Whenever you have a financial crunch, you can always avail a personal loan and get your work done. Whether it is for education, travel, or any other personal requirement, you can always rely on personal loans to get the funds. But getting a personal loan<\/a> is often a big step as you need to consider a lot of things including repayment options, interest rates, and more before availing the offer. But once you have got the loan amount, how would you keep track of the funds and manage everything smartly?<\/p>\n\n\n\n Well, that\u2019s where your personal loan statement can help you. In this guide, we will be focusing on learning the basics of a personal loan statement, what it includes, and how you can check and download your personal loan statement.<\/p>\n\n\n\n A personal loan statement is a document that shows every detail of your loan account, including your name, loan amount, interest rates, loan tenure, repayment schedule, EMIs paid, and other key aspects of your personal loan. In other words, it is your financial report that outlines the important segments of the loan you have availed. A personal loan statement is of great use as it helps you keep track of your payments and understand the overall status of your loan. The statement is generated every month and is accessible both online and offline by the borrower.<\/p>\n\n\n\n The more you understand terms in a personal loan statement, the better you can manage your loan. So, here are some important loan statement terms you should be aware of:<\/p>\n\n\n\n Also Read – What Is a Loan? Components, Types & Tips On Getting a Loan<\/a><\/strong><\/p>\n\n\n\n Your personal loan statement has several important components that offer a summary of your loan. You must understand these elements as knowing them would certainly help you in effective financial management. So, here we go:<\/p>\n\n\n\n This includes your full name, contact details, and other personal information.<\/p>\n\n\n\n These details include all the basics about the loan including the principal amount, which is the initial amount borrowed, interest rate, the percentage charged on the borrowed sum, and loan tenure, and the duration for which the loan has been sanctioned. Your personal loan statement would also show whether the interest charged on it is fixed or variable.<\/p>\n\n\n\n A detailed record of all transactions related to your personal loan is also included in the statement. With this, you would be able to know about your EMI<\/a> (Equated Monthly Instalment) payment details.<\/p>\n\n\n\n The personal loan statement also shows your repayment plan including due dates and amounts. If you have any penalties or charges incurred for late payments or any outstanding balance, the statement will mention them.<\/p>\n\n\n\n Information about the disbursal of the loan amount and the confirmation of loan closure is also given.<\/p>\n\n\n\n Now that you understand what a personal loan statement includes, let\u2019s take a look and understand the major ways through which you can check and download the statement. So, here\u2019s how to check loan statement and download it:<\/p>\n\n\n\nWhat is a Personal Loan Statement?<\/h2>\n\n\n\n
Terms In a Personal Loan Statement\u00a0<\/h2>\n\n\n\n
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What\u2019s On a Personal Loan Statement?<\/h2>\n\n\n\n
Borrower Information<\/h3>\n\n\n\n
Loan Details<\/h3>\n\n\n\n
Transaction History<\/h3>\n\n\n\n
Repayment Schedule<\/h3>\n\n\n\n
Disbursement and Closure Details<\/h3>\n\n\n\n
How to Check and Download Personal Loan Statement for Other Loans<\/h2>\n\n\n\n
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Website<\/h3>\n\n\n\n