How to Track the Status of your Personal Loan Application?

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After the loan application is submitted with the bank or lender, almost every applicant becomes curious to find out whether the loan is approved, rejected or under process. Without knowing the status of the loan, the applicant remains in dilemma for further actions. So, let’s read on to know the ways and steps to track your personal loan application online and offline:

Tracking your Personal Loan Application Online

The best way to track your loan application is by visiting the official website of your lender and checking the location where you can track the status of your loan application. Most of the banks and NBFCs have a separate section for the same that requires only a few details to be filled and are as follows:

• Applicant’s Full Name
• Registered Mobile Number
• Applicant’s Date of Birth & PAN card
• Loan Reference or Registration Number, if any
• Any other unique number provided by the bank

Tracking your Personal Loan Application Offline

• By Visiting the Bank/NBFC Branch
• Calling the Personal Loan Customer Care or Toll Free Number
• Personal Loan Application Tracking via Net Banking (For existing customers)

In case your personal loan application gets rejected or takes too long for processing, you can visit online financial marketplaces like paisabazaar.com to compare personal loan options available from multiple banks/NBFCs. Such marketplaces will offer the personal loan options based on your monthly income, credit score, employment type, age, location, etc.