If you take a personal loan, it can be used in many ways. Through this loan, you can take a large loan amount, which will help to meet your financial needs immediately in time. For this loan, the person has to inform about his income, credit history, repaid capacity and his employment history, etc. The loan tenure may vary from one to five years. Keep in mind that the personal loan interest rate is higher than other loans, as it is a risky loan. So, when cash is very much needed, you should go for a personal loan. However, when you apply for a personal loan, you should also know how to check its status.
Online Status Check
You can easily track your loan status online while sitting at home. You only have to open the website of the concerned bank and enter the application reference number, mobile number, date of birth, and your name. After entering the detail, you can see your loan status.
Offline
Many people go to the bank branch to find out their loan status. You just have to go to the bank branch and inquire about the loan. You have to take your identity proof with you, and you should also have a reference number.
Customer Care
You can call or email your bank's customer service representative. If you call them, give detail about your reference number and your registered mobile number. If you email them, the bank will reply to you within a certain period of time.
Other tracking methods
Mobile Number: It can be used to track your personal loan status, as you are asked to provide your contact details while applying for a loan. Many banks allow customers to track their loan status application using phone numbers where they can use it to check loan status online or through customer care.
Reference Number: Once you apply for a personal loan, you will be given a reference number. You have to keep this number to track your loan status.
Net Banking: You can also apply for a personal loan using net baking facilities. Log in to your net banking portal and go to the Loan section. From there, you will get all the information.
SBI General Insurance launched Arogya Sanjeevani Policy: Know here essential points of this policy
Know here how SBI customers can open their online RD account without any hassle
Image credit: wallethub