Here’s how to Check your Two-Wheeler Loan application status

Reports suggest that the demand for two-wheelers in India grew by 2% year-on-year in July 2022. The EV revolution as further accelerated this growth, prompting several major OEMs to invest in electric two-wheelers. If you are eager to purchase a two-wheeler by taking a loan, you must also know how to track your loan application. This article shed light on the various ways to check your Two-Wheeler Loan’s status.

How to check a Two-Wheeler Loan application’s status?
 

There are various reasons for wanting to know the loan status after being sanctioned. Knowing your loan application’s status can help you plan your future expenses along with the EMIs and streamline your repayment of the loan. Here are the different ways of checking your Two-Wheeler Loan status: 

1. Through SMS
 

Mobile phones have now become central to the banking experience. A lot of banks allow their customers to check their loan application statuses via SMS. This is a very convenient facility for customers who might not have access to the internet. If your lender has a phone number dedicated to providing updates regarding your Two-Wheeler Loan, it is advisable to start using the service at the earliest.

IDFC FIRST Bank, too, offers SMS banking services that reflect the true essence of banking from home. You can now request a new cheque book, cancel a cheque book request, check your current bank balance, and view your last 5 transactions using this feature.

2. Through IDFC FIRST Bank’s mobile banking app
 

IDFC FIRST Bank’s mobile banking app provides a wide range of services that can help you with any banking query and resolve it instantly. The service of checking your Two-Wheeler Loan status is included in its list of services. If you are yet to download the IDFC FIRST Bank mobile banking app, download it right away, and start banking from the comfort of your home. 

3.  Visit IDFC FIRST Bank’s website
 

You can also check your Two-Wheeler Loan status via net banking. If you have signed up for your lender’s net banking services, you can log in to their portal and click on the ‘Two-wheeler loan’ section to know your loan status. 

4. Visit the bank
 

The fourth method to check your bike loan status is to physically visit a bank branch. This is an effective way to know everything about your two-wheeler loan, especially if you do not have access to the internet or if your connection is weak.

5. Contact customer care
 

You can also contact your lender’s customer care team to get the details of your Two-Wheeler Loan. A customer care number might require you to follow certain steps such as providing your Two-Wheeler Loan details and personal details like your name and debit or credit card number. It is advisable to be ready with this information before contacting your lender’s customer care team.

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.