Step-by-Step Guide to Checking Your Personal Loan Status

The expenses incurred on the account of  medical emergencies, home renovations, academic fees, and alike  can leave you in need of financial support. In such cases, an instant personal loan can prove to be a sound alternative, especially when you can get one online in no time to deal with your short-term expenses.

With a completely digital application process ,  IDFC FIRST Bank  empowers their customers with a hassle-free journey of applying for a loan online and getting it approved and disbursed quickly  after completing an  end-to-end paperless, process,

This has been made possible by IDFC FIRST Bank with the recent launch of an industry-first instant loan solution, known as  FIRSTmoney. It is an instant loan offer of up to Rs 10 lakhs applicable on your eligibility and financial requirements. You can obtain more loans, on-demand to meet future requirements, in just a few clicks. The approved loan offer depends on your CIBIL score, which should ideally be 730 or above.

You can get the approved for the loan offer within minutes using V-KYC that only requires your physical PAN card during the verification process. FIRSTmoney digital personal loans are entirely paperless and offered at competitive interest rates and a convenient repayment schedule of up to 60 months. You can use the loan amount for a variety of purposes such as planning a trip, getting home improvements done, covering medical expenses, and more without any hassles. Both Salaried and Self-Employed Individuals can apply.

Why do you need to check the personal loan application status?
 

The entire loan application process, ranging from applying to sanctioning and disbursement of a loan, whether online or offline, is streamlined with most banks. Nevertheless, the eligibility requirements and documentation differ depending on the applicant and situation. In such cases, you need to know your personal loan status to know if the loan is approved or rejected.

If you are new to the process, you may want to know how to check personal loan status. Keep reading to learn the ways to track loan applications, both online and offline.

Steps to check personal loan application status
 

You can easily check your personal loan status online. For instance, IDFC FIRST Bank lets know your personal loan status through a loan checker on its customer portal or a mobile app.

If it is through a customer portal, you need to:

• Visit the official website of the bank.
• Next, click on the ‘Log in’ tab to enter your user ID and password. You can also enter your registered mobile number and date of birth to get into the customer portal.
• Once you are in, you need to choose the ‘Products and Services’ option and then the ‘Check loan application status’.
• You will be directed to a page wherein you have to choose the product and provide the loan application number and security code to get a one-time password on your mobile phone.
• Once you have verified your details, you will be able to view your personal loan status.

IDFC FIRST Bank offers dedicated loan checker sites like ‘Track my loan application’ and ‘eTracking’ to check your personal loan status.

On the ‘Track my loan application’ website:

• Choose the product name and enter your registered mobile number to receive an OTP.
• Once you have submitted the OTP, you are taken to a loan checker page showing the personal loan status, like ‘under process’, ‘approved’, or ‘rejected’.

On the ‘eTracking’ website:

• Provide the product details and loan application number to receive an OTP.
• Verify the details to get your personal loan status.

You can also use the loan checker tool on the IDFC FIRST Bank mobile app. All you need to do is:

• Download the IDFC FIRST Bank mobile app.
• Log in using your user ID and password.
• Go to the ‘Menu’ section and choose the option ‘Products and Services’.
• Select the product and enter your ‘Loan application number’.
• Click ‘Submit’ to receive the personal loan status.

Checking personal loan application status offline 
 

There are other ways of tracking the personal loan status, which are as follows:

• Contact customer care over the phone during the working days from 9.30 am to 6 pm. With IDFC FIRST Bank, you can call the helpline number 1800 10 888 to know your loan status. You can talk to the customer care executive to know the latest update of your loan application. For this purpose, you have to keep the loan reference number handy for verification.
• You can also track your personal loan status by visiting the nearest branch of the bank.

To conclude, you can either visit the customer portal of the bank and use the loan locator to check the status or visit the bank's branch. Customers who prefer WhatsApp banking can send messages to specific phone numbers to track their loan applications. To check your loan application status with IDFC FIRST Bank, click here to log on to the customer portal.

Tracking your instant cash loan application is now easy with IDFC FIRST Bank. Stay updated on your personal loan status online in just a few clicks.

Explore our options for ₹70000 personal loan, and ₹80000 personal loan.