Few people do not have any experience with financial pressure, and it can be challenging to find them. The need for money can arise for various reasons, such as medical emergencies, marriages, paying education fees, etc. An easy way to do this is to get a personal loan. Personal loans can be life-saving when you need an urgent boost of money. Since a personal loan is a multipurpose loan, you can use it for any purpose.
Personal loans are also disbursed within hours, making them the best weapon against urgent financial emergencies. The rate of interest may vary from one financial institution to another. Although some organizations or financial institutions offer instant loans for low CIBIL score or personal loan without CIBIL, these loans come with a higher interest rate.
Its simplicity and ease of repayment make personal loans the first choice of many people. It is possible to apply for personal loans and to check personal loan application status both online and offline. The application for a personal loan can also be submitted at a bank branch. Another way to apply for a personal loan is to complete the application online. The first thing you need to do if you are interested in applying for a personal loan online is to download the mobile applications of the preferred lenders on your Smartphone. Once the loan application has been submitted, processing of the loan begins. When it comes to processing a loan, there are several steps to take. It is the right of a loan borrower to be able to track the progress of the personal loan application status.
Information required to check the status of a personal loan
It is simple to check the application status for a personal loan. It only takes a few minutes to complete this process. You must visit the official website of the bank or financial institution to find your information. To check your personal loan application status on the website, you need to look for the “check loan status” option. To complete the loan application process, you will need to enter the details like your email address, date of birth, mobile number, and so on. As soon as these details are sent to the bank, the bank will inform you about your loan application status.
If you are applying for a personal loan with Bajaj Finserv, there are many ways to check the personal loan application status
Check personal loan status offline
When you want to check your personal loan application status offline, you need to contact the customer service number of your lender. If you take out a loan from Bajaj Finserv, you need to contact the customer care centre using the Bajaj Finance helpline number. You will be asked to provide the loan application or reference number. The loan application and reference numbers are found in the loan application. As a result, you are encouraged to keep this number handy when contacting the Bajaj Finance helpline number to track your Personal Loan application status.
Check the status of your personal loan online
Various banking institutions have customized their websites to allow loan applicants to check their Personal Loan application status as soon as they apply for a loan. You can check the status of your loan just by clicking a few buttons online. To track the progress of your Personal Loan application status online, you will need to provide the following inputs such as the applicant’s name, reference number, date of birth, phone number and PAN number.
Tracking personal loans by mobile number
Various moneylenders use the mobile number alone to check the authenticity of the loan applicant because mobile numbers are taken as unique identifiers. As a result of this method, the tracking process is faster since the applicant must fill in both their mobile number and the OTP sent to their mobile number. It is unnecessary to provide the loan application or the reference number for this method to work.
Conclusion
It is possible to track the progress of a personal loan application status at any point in time, right from the day the application was submitted to the last due EMI. You can check every step in the loan process online and offline. By using the mobile application, borrowers can check the status of their pending loans.