After applying for a personal loan, the next thing every borrower wants to know is the status of their application. Whether you have applied for a loan through a bank, NBFC, or a digital lending app, checking the status online is simple and convenient. It helps you know whether your loan is approved, rejected, on hold, or pending verification.
This complete guide explains all the ways to check your personal loan status online including bank websites, mobile apps, WhatsApp banking, customer care, SMS services, and offline branches. The language is simple and easy to follow.
Knowing your loan status helps you stay updated and avoid delays. Some key benefits include:
Staying updated ensures a smooth loan approval process.
There are multiple digital ways to check your loan status. Every bank and lending app offers convenient options.
Below are the most commonly used methods.
Most banks have a dedicated online portal to track loan applications. Here’s how it works:
Step by Step
Your current status will appear instantly.
Benefits
This method is ideal when you have your application reference number.
If you are an existing customer, the mobile banking app is the easiest method.
How to Check
Advantages
Some apps also send alerts whenever there is a status change.
Many banks now offer WhatsApp banking for instant updates.
How It Works
Benefits
This is one of the fastest ways to check your personal loan status.
If your bank supports SMS banking, you can check the status offline.
Steps
Why This Helps
SMS charges may apply depending on your telecom plan.
Every bank has a toll-free number for loan-related queries.
How to Check
This method is useful when:
Customer care support is available in multiple languages.
If you want a written confirmation, email support is another option.
Steps
It provides clear written communication for records.
Offline checking is still preferred by many borrowers.
How to Do It
This method is helpful if the loan is stuck due to document mismatch.
When you check your loan status, you may see different updates. Here’s what they mean:
Application Submitted
Your loan request has been received and is being reviewed.
Under Review
Bank is checking documents and verifying your details.
Approved
Your loan has been approved, and the offer is ready.
Disbursed
Money is credited to your bank account.
On Hold
Some documents or details need correction.
Rejected
Bank has declined your loan due to eligibility reasons.
Cancelled
The application was cancelled by you or auto-cancelled due to pending documents.
Understanding these messages helps you take the right action quickly.
If your loan status is stuck, these might be the reasons:
Incomplete Documentation
Missing salary slip or bank statement can delay approval.
Low Credit Score
Banks may take extra time for manual checks.
Income Mismatch
If declared income does not match bank records.
High Existing Debt
Too many active loans delay approval.
Verification Pending
Bank is verifying employment or address details.
Technical Glitches
Sometimes portals take time to update.
You can contact customer care if the status does not update for long.
You can improve your chances of quick approval by following these steps:
Keep All Documents Ready
Upload clear and correct documents.
Maintain a High Credit Score
Better score means quicker approval.
Apply Through Your Existing Bank
They already know your profile.
Avoid Multiple Applications
It lowers your credit score.
Provide Correct Income Details
Banks verify your salary and job stability.
Keep Phone Switched On
Verification calls must be attended.
These habits help speed up your loan approval process.
You should contact customer care if:
They can update you and guide you on the next steps.