Personal loan customers can check their 1 lakh personal loan or 5 lakh personal loan application status by themselves, either offline or online, to get an idea about when they can get their personal loan proceeds. Here, we will share in detail numerous ways as to how one can track their personal loan status. Note that in the situation of instant 1 lakh personal loan or 5 lakh personal loan application submission through an instant personal app, one can expect the personal loan proceeds to get disbursed on the same day of making the loan application submission. Such loans in nature are pre-approved and are provided to applicants with a good or high credit score of 750 & above.
How Can One Review Their 1 Lakh Personal Loan Or 5 Lakh Personal Loan Approval Status Through Online Mode?
Online medium is one of the easiest ways of keeping a thorough check on 1 lakh personal loan or 5 lakh personal loan status. Most of the top renowned personal loan lenders usually provide their customers with an online medium to track their personal loan application status effectively. To review their loan status, one can either approach their bank’s loan app platform or their site to review their loan status with the details listed below:
* Application reference number
* Mobile number
* Date of birth
The above-stated details might be asked for verification. Once you give the details mentioned above, you will simply be able to view your personal loan application status on the bank’s online portal.
How can you view your 1 lakh personal loan or 5 lakh personal loan application status through an offline platform?
It is one of the widely used mediums for viewing their personal loan application status among most customers. Also, it is a simple method wherein one requires approaching the bank office branch to enquire about the personal loan application status. When one approaches the lender’s branch, he/she is required to provide a reference number that you got at the time of personal loan application submission. You should even carry your ID proof for proving your identity. By providing all these details, the lender can help you track your loan application status.
How Can You View Your Personal Loan Application Status By Approaching Customer Service?
The bank’s customer service group can also help you thoroughly track your personal loan application status. You can do so by approaching them either by calling or mailing the customer service group for tracking the loan application. When you approach the customer service team via call, you are required to provide your loan details or personal loan for their reference. Once you have given them the required details, their personal loan application status can easily be tracked by them. In case you mail the customer service team, you are required to provide all details like your personal loan reference number, your name and number etc., clearly. The bank might get back with the requested answer within 2 to 3 working days.
Other Mediums To Track Your Personal Loan Application Status?
You can track the personal loan application status through other ways:
Mobile number: When you make a personal loan application, you need to provide your phone number. Various banks allow customers to simply track their personal loan status via their phone number. One can also use their phone number to directly get in touch with the lender’s customer care team.
Reference number: Reference number is generated by lenders on making personal loan application submissions. The loan reference number gets sent to your phone number once you make a personal loan application submission. One can also use the loan reference number for tracking their application status through an online channel.
Net banking: Existing bank customers can simply track their personal loan application status via net banking.
Important Attributes Of The Lenders Online Portal
Many lenders have their online portals. These portals are formed solely for time to time managing their loan. Applicants can get their personal loans instantly in the situation of pre-approved loans or loan applications through an online portal. Some of the important attributes of these lender portals are:
1) It allows you to view your personal loan status
2) It provides a download section where customers can simply view and download all the statements and certificates.
3) It allows the customers to make their loan EMI payments and involves foreclosure and prepayment options.
4) It allows the customers to update in case of change in their personal details like contact number, address etc.
5) It helps the applicants view all the customized offers, which are updated from time to time.
Important Questions That Applicants Should Ask Themselves When Tracking Their Loan Status?
1) What Are The Crucial Details To Keep Handy When Viewing Your Loan Application Status?
At the time of checking your application status for a personal loan, you are required to keep a few crucial things handy like personal loan reference number, identification details etc.
2) If You Cannot Find Your Personal Loan Application Status On The Lender’s Official Portal, What Should You Do?
If you are unable to find your personal loan application status on the lender’s official portal, you must approach your lender directly through their customer support care number. You also can consider visiting the lender’s branch office to resolve the same purpose.
3) If Your Personal Loan Application Status Is Rejected, What Should You Do?
Your personal loan application can be rejected because of numerous reasons. When approving your loan application, lenders factor in numerous parameters such as your credit repayment history, credit score, and other active credit accounts. Suppose your application is rejected because of no or low credit score. In that case, you can opt for secured credit options like loan against property, gold loan or top-up home loan because lenders, when approving these credit options, avoid giving importance to the applicant’s credit score because of the loan’s secured nature. Moreover, similar to a personal loan, credit option proceeds of such secured loans even come with zero restriction on the end-use of loan proceeds.