Have you recently applied for a personal loan and are now eagerly waiting for updates?
You should know that you no longer have to keep calling customer service or going into the branch to check your loan status.
Today checking the status of your personal loan application is fast and easy and fully online!
In this WeCredit blog, we will show you the details about how to check personal loan status online, the significance of online tracking, and some tips to expedite the process.
Tracking your personal loan status helps you:
Here are the most common and easy methods:
Online loan tracking features are, however, provided by most banks and NBFCs. Here is how you can check:
Click Submit, and your loan status will be displayed.
If your lender has a mobile banking app, you can easily track your loan:
When you apply for a loan, most lenders automatically send updates via:
Certain banks and lenders extend live chat assistance on their website or mobile application. Hence, initiate a conversation regarding your loan application plus instantly receive the latest loan status.
In order to check your status online, make sure you have the following:
| Status | What It Means |
|---|---|
| Application Received | Your loan application has been successfully submitted. |
| Under Review | Documents are being verified by the lender. |
| Approved | Your loan is approved, and disbursal is in process. |
| Disbursed | Funds have been transferred to your account. |
| Rejected | Your loan application did not meet the eligibility criteria. |
| Additional Documents Required | The lender needs extra documents from your side. |
Tracking your personal loan status online could keep you informed with minimum effort. You may check your loan status using a lender’s website, app, email, or chat support for live updates that assure you and help better in planning your subsequent course of action.
So, keep updated whenever you apply for a personal loan — and just stay at home to do it!