How to Check Personal Loan Status Online?

Knowing how to check loan status is essential. This is because while a personal loan online offers a convenient method of financing your expenses, you do not simply get the funds once you send in your application. Lenders take numerous steps to verify and process your application. As such, the entire process can take some time.

Thankfully, they also allow you to track your application throughout this process. By tracking your application, you can know the stage at which your application is and when you can expect the funds. Tracking also helps you timely submit any additional details if required. 

Read on to learn the various methods to check your loan application status online and offline.

Online modes to check your personal loan status

Here are the online modes through which you can check your loan status:

Visit the lender’s website 

All digital lenders have websites where you can check your personal loan status. Look for the ‘Personal Loan’ section and log in. Once you do, you will find an option to check your loan status.

Use the mobile app 

Most lenders, such as Fibe, have mobile apps that you can download on your smartphone. Once you download the app, log in using your credentials and check your loan status. This is a quick, easy, and convenient way for you to check your loan status. 

Send an email or chat 

Another way to enquire about your loan status is by emailing the lender’s customer care team. You can get the email address from their website or app. Alternatively, some lenders have a virtual assistant or chatbot online. You can try these to submit your query and get a call back from the right team. 

Check your registered email 

Generally, lenders send an update on your loan application to the registered email address. Make sure to check your email inbox, including spam and promotional folders, so you don’t miss this communication.

Offline modes to check your personal loan status

Here are the offline modes through which you can check the status of your personal loan application:

Visit the branch 

You can visit the nearest lender’s branch with which you applied for the loan and inquire about your application status. Make sure to carry your ID proof and loan application reference number.

Call customer care 

If you cannot check your loan status online, call the lender’s customer care. These numbers are generally available on the lender’s website. Give them your name and loan application reference number to get the status.

Following the above methods lets you stay informed and plan your finances accordingly. If you are wondering how to check all my loan details, the answer is simple. You can log in to your account through the lender’s website or mobile app. You can also visit the branch or the customer support team to get the details.

What details do you need to check your personal loan status

You will need to share the following information to check your personal loan status online or offline:

• Your full name 
• Your registered phone number and/or email ID
• Your date of birth 
• Your loan application number or reference number 

Now that you know how to check loan status, try any of the above methods. Checking your personal loan status online is a hassle-free way to proceed. At Fibe, we make this step easy when you apply for a Personal Loan. 

As you download the Fibe Personal Loan App or register on the website to apply, you can check your personal loan status at any time by navigating to the loan section. We also ensure that 98% of applications get approved in minutes, so you may not even have to check your status and simply enjoy instant access to funds. 

FAQs on How to check personal loan status

1. How long does a personal loan take to be approved?

The time taken to approve a traditional personal loan varies from lender to lender, but typically it takes a few days. Digital lenders usually complete this process faster. With Fibe, you can get your loan approved within minutes by providing basic KYC details.

2. Can a personal loan be rejected?

Yes, in some instances, the lender may reject your personal loan application. The reasons may include low credit scores, insufficient income or incomplete documentation. It is crucial to check the eligibility criteria and submit all the required documents to avoid rejection. You can also contact the lender to know further details about the rejection of your application.

3. What is the fastest way to get a loan approved?

The fastest way to get a loan approved is to opt for a digital or online loan application. Fibe offers instant loans that get approved within minutes.

4. How do I check my personal loan status?

You can check your personal loan status in multiple ways. These include logging in to the lender’s website or mobile app, contacting customer care or visiting the branch office.