Personal loans work as a life savior when you have an immediate financial requirement. The best thing about these loans is that it can be utilized for various reasons and is a collateral-free loan. It comes up with lots of options but to utilize the same in the best possible way; all you need to understand the process of personal loan application online and how to track the status of the same after applying.

Process to track the status of Personal loan online application are as follows:

Banks and NBFC’s website have upgraded a lot of functionalities through which people can access any information related to the personal loan process sitting at home just with a mouse click.

The methods through which you can track the status of the Loan Application are as follows:

•    Name
•    Mobile Number
•    PAN Number
•    Personal Loan reference number
•    Date of Birth

The guidelines that help you in understanding the ways to track your online personal loan application are as follows:

Process to track loan application via net banking

All NBFCs and Banks have internet banking facility through which one can easily track the status of the personal loan application. The process of tracking the loan application is mainly available on the homepage of any financial institution. By sharing the loan reference number, you can track the status of the application.

Tracking the loan application using Mobile Number

It is the most convenient form to track the loan application. One needs to log into the website of financial institutions. After logging in, click on the option of ‘Personal Loan’ in which you find the option which includes ‘checking the status of Personal loan application’. You can track the status either by reference number or through mobile number in case you forgot or misplaces the reference number. Once you provide the mobile number, an OTP will be sent to it and after giving the confirmation the next step will be taken.

Tracking the Personal Loan application offline

If you are not able to track the personal loan application online, they can easily opt for offline methods. In this, you can contact the customer care of the bank or any other financial institution. One can physically visit the bank with mandatory documents which are PAN Number, reference number or you also make use of the mobile number.

Conclusion

Be it any medical emergency or you need money for a vacation, or for planning a wedding or for pursuing higher studies, Personal loans will be an idle solution for all.