Check Personal Loan Status

You may need extra money for various reasons like home renovation, medical emergency, marriage, child’s education, or debt consolidation. A instant personal loan is a better option, for you can quickly avail of it online. A personal loan, being an unsecured loan, does not require any collateral, and it is processed and approved within a few hours or a day.

A personal loan comes in handy to meet your short-term goals. Most financial institutions ensure that their customers go through a hassle-free journey of applying for a loan online and getting it immediately after completing the end-to-end digital process

IDFC FIRST Bank offers a personal loan up to Rs. 1 Cr with turnaround times considered the best in the industry. You can get the loan approved and disbursed within 30 minutes. Personal loans from IDFC FIRST Bank are entirely paperless and offered at competitive interest rates and a repayment schedule of up to 60 months.

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 may 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 check the personal loan status by yourself online. For instance, IDFC FIRST Bank helps you to know your personal loan status through a loan checker on its customer portal or a banking 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, and they include:

• Contacting 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 1860 500 9900 to know your loan status. You can talk to the customer care executive to know the latest position of your loan. For this purpose, you have to keep the loan reference number handy for verification.
• By visiting the nearest branch of the bank, you can track your personal loan status.

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 IDFC FIRST Bank's personal loan status, click here to log on to the customer portal.  

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.