How to Check Personal Loan Status Online?

Published on: 10 May 2023

You might consider getting a personal loan online to cover any upcoming or current expenses. It offers a convenient method of financing your activities and repaying the amount at your convenience. But it all starts with approval of your online application. 

Wondering how you can check if your application is approved? Or are you waiting to see if the money has been disbursed to your bank account? Knowing how to check personal loan status helps you understand if you will receive the financing you need. 

You can use various methods, both online and offline, to know your loan status. Here are some ways you can do so.

Online modes to check your personal 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 the status of your loan.

Use the mobile app: Most lenders, such as Fibe, have mobile apps that you can download on your smartphone. Once you have downloaded it, log in using your credentials and check your loan status. This mode is quick and easy, allowing you to check your loan status conveniently. 

Send an email or chat: Another way you can enquire about your loan status is by sending an email to the lender’s customer care team. You can get this from their website or app. Alternatively, some lenders have a virtual assistant or chatbot on their online platform. You can also utilise it to pose your query and get a call back from the right team. 

Check your registered email: Sometimes, you may receive an update on your loan application on the email address you used to apply for it. 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

Visit the branch: You can visit the bank or lender’s branch where you applied for the loan and inquire about your loan status. Make sure to carry your ID proof and loan application reference number.

Contact customer care on the phone: If you are unable to check your loan status online, you can 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 your loan status.

By following any of the above methods, you can stay informed and plan your finances accordingly.

What you need to check your personal loan status

Generally, 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 personal loan status, try any of these methods. Checking your personal loan status online is a hassle-free way to proceed. At Fibe, we make this step easy. As you download the Fibe mobile app on your smartphone 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 are approved in minutes. This way, you are always in the know!

FAQs on how to check personal loan status

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.

Can a personal loan be rejected?

Yes, in certain cases a personal loan application can be rejected. 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.

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 are approved within minutes.

How do I check my personal loan status?

If you’re wondering how to check personal loan status, you can do so in multiple ways. These include visiting the lender’s website or mobile app, contacting customer care or visiting the physical branch office.