The statement serves as legal proof of your loan repayment. Home loan borrowers claim deductions under Section 24 and Section 80C of the Income Tax Act, and the interest certificate derived from the EMI statement is mandatory for these claims. The interest on personal loan is generally not tax-deductible, but the statement still helps verify expenses and track loan repayment.  

Dispute resolution depends on the loan account statement. If a payment was debited but not reflected as received, the statement is the primary evidence to present to the lender or the banking ombudsman. 

New loan applications also require it. When a borrower applies for additional credit, lenders assess the existing loan's repayment record. A clean EMI statement with no overdue entries supports a stronger application. 

Through the Lender's Mobile App 

Log in to the lender's app using the customer ID or registered mobile number. Navigate to the loans or my accounts section, select the relevant loan, and look for a statements or documents section. Most apps generate the EMI statement in PDF format immediately. Statements for the current financial year are typically available instantly; older records may require a portal login or branch visit. 

Via Net Banking Portal 

Log in to the lender's internet banking platform and access the loan management section. Web portals usually offer more options than apps, including custom date ranges, annual summaries, interest certificates, and amortisation schedules. These are particularly useful when preparing documentation for income tax filing or audits. 

By Contacting Customer Care 

Call the customer service number and request an EMI statement after completing identity verification using the registered mobile number, date of birth, and loan account number. The statement is typically sent to the registered email within 24 to 48 hours. This method suits borrowers who face technical difficulty with digital channels. 

At the Branch 

Visit the nearest branch with the loan account number and a valid photo ID. A printed loan account statement is available on request. Some lenders charge ₹50 to ₹100 for physical copies, though the first copy per financial year is often complimentary. Branch access is most relevant for closed loan records or historical data beyond the digital archive period. 

Via Email Subscription 

Several lenders offer automatic monthly statements delivered by email. Check account settings or contact customer care to activate this option. Statements usually arrive by the 5th of each month for the prior month's transactions. This approach keeps records current without manual retrieval. 

A typical EMI statement includes several sections. Familiarity with each helps a borrower identify errors and plan finances accurately. 

Loan Account Number (LAN) is the unique identifier required for every interaction with the lender regarding the loan. 

Principal Outstanding reflects the remaining loan amount after deducting the principal repaid so far. This figure decreases with each EMI. 

Interest Component shows how much of each EMI covers interest charges. In the early months, this portion is larger. As the principal reduces, so does the interest. Borrowers who want to understand how each instalment breaks down can use Finnable's EMI calculator to model the split across tenures before or during an active loan. 

Principal Component is the portion of the EMI that directly reduces the outstanding loan balance. It increases progressively over the tenure as interest falls. 

EMI Amount is the fixed monthly payment. For floating rate loans, this may vary if the interest rate changes. 

Due Date records when each EMI was or is due. A missed due date results in late payment fees and a negative CIBIL entry. 

Payment Status marks each EMI as paid on time, paid late, or missed. This section is the most important from a credit health perspective. 

Prepayment Details, if applicable, record any lump sum or part payments made during the tenure along with the effect on the outstanding balance. 

Charges and Fees include processing fees, late payment penalties, prepayment charges, and applicable GST.

Closed loan statements remain relevant for tax filing in the year of closure, resolving disputes where a repaid loan still appears active on the credit bureau, and property transactions linked to home or mortgage loans. 

Most lenders retain closed account records for 7 to 10 years. Access them through the customer portal under Closed Loans, via customer care, or by visiting a branch with original loan documents. If a lender delays or withholds access, filing a written request with the grievance cell is the correct escalation path. RBI guidelines mandate record access for borrowers. Knowing the minimum CIBIL score required for a personal loan can help clarify why a closed loan's repayment history still matters for future applications.

Finnable, an RBI-registered NBFC, provides personal loans from ₹50,000 to ₹10 lakh with a fully digital process. Borrowers access their loan EMI statement through the app without visiting a branch. Payment history, EMI schedules, interest breakdowns, and outstanding balances are available at any time. 

The platform sends automated payment reminders and monthly statements by email. Historical records for the entire loan tenure, including post-closure, remain accessible through the app. 

Interest rates range from 15% to 30.99% p.a. on a reducing balance basis. Disbursals happen in as fast as 60 minutes for eligible applicants. The lender evaluation considers CIBIL score alongside income stability, employer reputation, and banking behaviour. Applicants with scores as low as 675, or those with no prior credit history, may still qualify based on these broader parameters.