Check Your Personal Loan Application Status in Simple Steps

The loan application process raises so many questions for consumers. What are the requirements for applying for financing and completing the process successfully? What is the timeframe for receiving funds? From application to closing, it is important to know what to expect whether you require financing right now or plan to utilize the loan process in the future. A borrower will interact with different loan team members during the loan process. Lenders such as Bajaj Finserv have a comprehensive, user-friendly platform for checking the personal loan application status online.  

Nowadays, tracking your personal loan application status has become possible thanks to online banking. However, there are still several methods that you can use to track your loan application. The following are three methods you can use to check the status of your personal loan application:

Online
An online method of checking the status of your personal loan application is considered to be the easiest. You will instantly receive information about your loan status by following the simple steps. 

• Visit your bank's official website or sign up for the online banking ‘personal loan apply’ facility.
• If you are asked for details, please provide them-  

1. Reference number for the application
2. Mobile phone number of the applicant
3. Date of birth of the applicant
4. Name of the applicant

• Your loan status and the personal loan rates will be displayed after entering these details.
• You can find all of the above information on the personal loan application you would have received upon submitting your application.

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Offline
The offline method of checking the status of personal loan applications has been fading away in recent years. Older generations, on the other hand, still prefer offline methods. Checking your personal loan status offline is as easy as these steps:

• Contact your bank's customer service department.
• Your bank's official website will provide you with the contact number of its customer support team.
• You only need to give them your name, the reference number on your application, your mobile number, and your date of birth.
• Your personal loan application status will be updated immediately by the concerned executive.
• You can visit your local bank branch for more information about your personal loan application status.
• When you visit the bank, you can speak to an executive and present your application with all of the necessary information.
• You will be asked to provide details so the executive can check your loan status.

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