Trying to figure out the status of your personal loan application? If so, there are various ways in which you can check the status of the best personal loan application. Using both offline and online mode, you are able to check your personal loan application status:
Tracking the loan application through net banking
Checking the status of a personal loan application is a service provided by banks and non-banking financial institutions. Through the internet or net banking, individuals are able to check the application status. The option of tracking the personal loan application is available on the homepage of the financial institutions. There is an option to share the loan reference number with which one can proceed with various statuses of applications. You can easily detect the application tracking. It is an easy way by which you can check and track your loan application through net banking.
Using a mobile number to track a loan application
This is a very practical way to keep track of the instant personal loan application. All that one needs to do is go to the bank or the website of a non-banking financial institution. Click on the option of "Personal Loan" and under that tab, there are numerous options, one of which would include the "Check your personal loan application status" tab. The information requested on that page will include tracking personal loans either through reference numbers or through mobile numbers in case one forgets or misplaces the reference number. Once you fill in the mobile number, an OTP will be sent to it and you will have to confirm it before the next step can be taken.
Tracking the loan application offline
It is very important to track the personal loan application's status. There are many individuals that are not comfortable with online application status check facilities. Therefore, in such a case, it is easy to go for the offline mode of borrowing. If you are not comfortable with online borrowing, you can visit the bank physically and check for the reference loan application number. Carry all your relevant documents that are important. You can ask your loan officer to check the status for you using the application number, mobile phone number, or PAN card number. It will be a smooth process.
Wrapping up
There is no point in trying to guess your personal loan application status when you can check it easily! You can check the status of your instant personal loan application to see if you have been approved or not. Use a personal loan calculatorto compare loan costs and choose the right loan.
Read Full: The Workings Of A Personal Loan Explained
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