Applying for a personal loan can be a daunting process, and one of the most common questions borrowers ask is how they can check the status of their personal loan application. Whether you’ve applied through a bank, non-banking financial company (NBFC), or a fintech company, staying updated on the status of your personal loan application is important to track the progress of your application and be prepared for the next steps.  

Therefore, you should know how to check personal loan status online, what are the things you need to do so and the different ways you can track your loan application. 

2. Check Using a Mobile App 

If your lender has a mobile app, it’s a quick way to check the status of your application. After downloading and logging into the app, you can usually find a section called ‘Loan Status’ or ‘Track Your Loan.’ This allows you to get instant updates about your application’s progress. 

3. Get Updates Through SMS and Email 

Some financial institutions automatically send loan status updates via SMS or email. These notifications typically tell you if your loan is approved or if any further documentation is needed. Always check your inbox for timely updates about your loan status. 

4. Contact Customer Support 

If online methods don’t work, you can always call the customer support team of your lender. Most banks and NBFCs offer a helpline or chat service where you can inquire at which stage your application is at present. You will need to provide some details like your application number, mobile number, and other personal information to get the most accurate status update.

To track your loan status, you’ll typically need the following details: 

1. Application Number 

This is the most common identifier used to track the status of your loan application. You’ll receive this number after submitting your loan application, and it will be required to check the loan status online. 

2. Registered Mobile Number or Email 

If you don’t have your application number, many lenders allow you to check the status of your application using your registered mobile number or email address. 

3. Date of Birth and Aadhaar Number 

In some cases, especially in India, your Aadhaar number may be required to verify your identity and check your loan status. It is also common for lenders to ask for your date of birth for further verification. 

1. Through Relationship Manager or Branch 

If you applied for the loan in person, you can visit the branch where you submitted your application and speak to a relationship manager. They can provide the most up-to-date information on your personal loan status. 

2. Bank Account-linked Loan Status 

Some lenders allow you to check your loan status via your bank account. If you applied for the loan with a bank where you already have an account, you might be able to view your application’s progress via their online banking system.

While tracking your personal loan status is relatively straightforward, there can sometimes be issues. Here’s what to look out for: 

1. Delay in Updates 

Sometimes, there may be a delay in updating your loan status, especially if there’s additional verification or paperwork required. If this happens, you can contact the customer support for clarification. 

2. Incorrect Details 

If your loan status isn’t showing up, you should double-check the details you’ve entered. Errors in your application number or personal details could be the cause of the issue. 

3. Loan Status Discrepancies 

If your loan status shows as ‘approved’ but you haven’t received any updates, it’s best to reach out to customer support for confirmation. There could be issues with the disbursal process that need to be resolved.

For those new to borrowing or looking for quick approval, Finnable offers accessible personal loans up to ₹10 lakh, with disbursals made within 60 minutes for eligible profiles. They also offer a quick and easy way to help check personal loan status and keep borrowers informed throughout the loan process. 

You can also use Finnable’s personal loan EMI calculator to help you estimate your monthly payments and see the total borrowing costs based on your loan eligibility and terms.