Personal Loan Statement: A Detailed Guide to Access Loan Details

A personal loan statement is released by a financial institution or loan provider, which contains all your loan details, including the history of all EMIs paid. When it comes to managing your loan, it is essential that you have this record available with you. All information in one place ensures you can manage your loan better, from EMIs to prepayments, and secure your financial well-being.

Financial institutions allow you to access your personal loan statement in many ways so you can choose the most convenient method. There are online and offline options to get your loan statement at your convenience. 

Read on to know the different methods you can use to generate loan statements online and offline and how to read them.

What is a Personal Loan Statement?

As a loan account holder, you can request your lender to generate this document. With this statement of your loan account, you can check your loan details and answer questions like:

• What is the outstanding amount in the loan account?
• What is the balance I have repaid so far?
• What are my EMIs and when are they due?
• Have any penalties been applied to my loan account?
• What is my remaining repayment tenure?
• What is my personal loan interest rate?
• How much do I need to pay to foreclose my loan?

To simplify, a personal loan statement is your one-stop solution for getting a complete picture of your ongoing loan.

Things You Can View in Your Personal Loan Statement

This document contains many loan details to give you an overview of your paid and outstanding loan amount. Here are some of the details you can find on your personal loan statement.

• Statement number 
• Interest rate applicable 
• Loan summary 
• Repayment history 
• Outstanding or balance loan
• EMI amount 
• Adjustments made in loan repayment (if any)

Also Read: Activating Loan Vs Active Loan Status

Details Required to Check Your Loan Statement & How to Download It

Whether you get your loan statement online or offline, lenders will require your account and personal details to confirm your account. These include:

• Your name
• Registered mobile number
• Account number
• PAN card number

Having all these details readily available helps you save time and get your statement quickly. 

Ways to Check Loan Details Online

Here are the online methods you can use to get your loan account details.

Via Net Banking

• Step 1: Log in with your account number and password
• Step 2: Go to the loan section
• Step 3: Select the loan account
• Step 4: Your loan details will appear on the screen
• Step 5: Click on the download option to get an e-statement

On Your Loan Account

• Step 1: Go to the lender’s website
• Step 2: Log in with your loan account number
• Step 3: Download the e-statement from the options you see

Through the Mobile App

The lender’s mobile app enables you to easily check your details and loan balance anytime. Simply download the mobile banking application on your smartphone and register with the mobile number linked to your loan account. After logging in, you will get the option on the dashboard to check your loan details.

From Your Email Account

The majority of loan providers allow you to opt for monthly or quarterly e-statements, which are sent to your registered email address. You can opt for this facility to receive e-statements periodically.

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Options to Check Loan Details Offline

Are you wondering, ‘How to check my loan balance or get other loan details without the internet?’ Worry not, as offline methods can help. These are also a great alternative if you want in-person assistance. Here are some ways you can try.

By Connecting with Customer Care

Call the customer care number and share your account details, such as name, PAN card number, etc. After that, the executive will send your loan statement either by post or digitally.

Also Read: How To Check Loan Status Using Pan Card

At the Branch

The simplest way to get your loan details or know your loan outstanding balance is to go to the nearest branch of the lender and ask for assistance. A representative will ask for your account details. Once verified, you can get your statement.

Whether you choose the online or offline mode, you can check your personal loan details in just a few minutes. These methods can also help you track your loan application status. At Fibe, getting a loan is just as easy as checking your loan details. 

With Fibe Instant Personal Loan, you can get up to ₹5 lakhs in just 2 minutes with minimum documentation and quick processing. To apply, download the Fibe Personal Loan App from the Google Play Store or App Store or register on the website.

FAQ on How to Check the Personal Loan Statement

How to check the loan in my name?

With your PAN card, you can know the total active loans in your name. For this, you can go to the website of any of the four credit bureaus in India. Here are the steps you can follow:

• Visit the credit bureau’s website
• Log in with your PAN card and other details
• Enter OTP to confirm your registered mobile number
• Download your credit report and check your active loans

How do I check my total loan balance?

To check your loan outstanding balance, you can log into your net banking account or the lender’s mobile app. Here, you can download the account statement for your loan. If you don’t have access to the internet, you can also get the statement offline by calling customer care.

How do I know if my loans are forgiven?

If the bank forgives your loan, the lender will close the account. With a loan waive-off, you are no longer required to pay off the balance. To check if the loan is waived off, you can download your loan statement.