Personal loans work as a life savior when you have an immediate financial requirement. The best thing about these loans is that they can be utilized for various reasons and is a collateral-free loan. It comes up with lots of options but to utilize the same in the best possible way; you need to understand the process of the personal loan application online and how to track the status of the same after applying.
The process to track the status of a Personal loan online application is as follows:
Banks and NBFC’s websites have upgraded a lot of functionalities through which people can access any information related to the personal loan process sitting at home just with a mouse click.
The methods through which you can track the status of the Loan Application are as follows:
• Name
• Mobile Number
• PAN Number
• Personal Loan reference number
• Date of Birth
The guidelines that help you in understanding the ways to track your online personal loan application are as follows:
The process to track loan applications via net banking
All NBFCs and Banks have internet banking facilities through which one can easily track the status of the personal loan application. The process of tracking the loan application is mainly available on the homepage of any financial institution. By sharing the loan reference number, you can track the status of the application.
Tracking the loan application using Mobile Number
It is the most convenient form to track the loan application. One needs to log into the website of financial institutions. After logging in, click on the option of ‘Personal Loan’ in which you find the option which includes ‘checking the status of Personal loan application’. You can track the status either by reference number or through mobile number in case you forgot or misplaces the reference number. Once you provide the mobile number, an OTP will be sent to it and after giving the confirmation the next step will be taken.
Tracking the Personal Loan application offline
If you are not able to track the personal loan application online, they can easily opt for offline methods. In this, you can contact the customer care of the bank or any other financial institution. One can physically visit the bank with mandatory documents which are PAN Number, and reference number or one also make use of a mobile number.
Conclusion
Be it any medical emergency or you need money for a vacation, for planning a wedding, or for pursuing higher studies, Personal loans will be an idle solution for all.