How to Check all My Loan Details Online in India (2024)

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Loans are a common occurrence in India, and it’s not uncommon to have multiple loans at the same time. Keeping track of all your loans can be a daunting task, but thankfully, there are ways to check all your loan details in one place. In this post, we’ll go over the steps you can take to check your loan details and make sure you’re up-to-date on your payments.

Before we dive into the steps, let’s go over some basic information.

First, it’s important to know that there are various types of loans available in India, including personal loans, home loans, car loans, and education loans, to name a few. Each loan type has its own set of terms and conditions, so it’s essential to understand the details of each loan you have taken out.

Second, there are several loan providers in India, and each one has its own system for managing loans. The steps we’ll be going over are general guidelines that should work for most loan providers, but it’s always a good idea to check with your provider if you have any specific questions.

What is Personal Loan Statement?

A personal loan statement is a document provided by the lender that has all the key details of a personal loan a borrower has taken. This statement generally includes:

1. Loan Amount

2. Loan Disbursement Date

3. Interest Rate

4. Tenure of the Loan

5. Repayment Schedule

6. Total Amount Paid: The sum of the principal and interest paid by the borrower to date.

7. Outstanding Loan Balance: The remaining amount of the loan that the borrower still owes to the lender.

8. Late Payment Fees: Any charges incurred due to delayed payments, if applicable.

Calculate Your Personal Loan EMI 

Information Required To Check Your Loan Statement

To access your loan statement, whether online or in person, lenders will need to verify your identity using specific personal information. The required details are:

1. Your full name

2. Your registered mobile phone number

3. Your loan account number

4. Your Permanent Account Number (PAN)

Steps to Check all My Loans Detail Online:

Through the Credit Bureau’s Website:

1. Visit the Credit Bureau’s Website:

• In India, there are four main credit bureaus: CIBIL, Equifax, Experian, and CRIF High Mark. Each of these bureaus maintains records of individual’s credit histories, including details of all loans taken.
• Navigate to the official website of any of these credit bureaus to begin the process of accessing your credit information.

2. Log in with Your PAN Card and Other Details:

• Once you’re on the credit bureau’s website, you will need to log in to access your credit report. The login process typically requires your PAN card number, which is linked to your financial transactions and credit history.
• You may also need to provide additional details for verification purposes, which could include your name as per PAN, date of birth, and email address.

3. Enter OTP to Confirm Your Registered Mobile Number:

• For security reasons, the credit bureau will send a One-Time Password (OTP) to the mobile number that is registered with your PAN.
• Enter this OTP on the website to confirm your identity. This step ensures that it is indeed you who is requesting access to your personal credit information.

4. Download Your Credit Report and Check Your Active Loans:

• After your identity has been verified through the OTP, you will be given access to download your credit report.
• This report contains comprehensive details of your credit history, including all the loans you have taken out. You can review this report to see all the active loans under your name. The report will typically show the lender’s name, the type of loan (such as personal, home, car, etc.), the loan amount, the date of borrowing, the current balance, and the payment history.

Also, Read: How To Check Active Loan On PAN Card?

Steps To Check all Your Loan Details Directly With Your Lender

1. Use Online Banking or the App

Log in quickly and easily to check your loans with your login details.

2. Visit the Lender’s Site

Go to the lender’s website. You might need to sign up with your PAN and other info to see your loans.

3. Talk to the Lender

Just call or email them, give your PAN, name, or loan number to ask about your loans, especially if you can’t get online.

4. Look at Loan Statements

Check your latest loan statements from your lender. They’ll have what you owe when to pay next, and your interest rate.

Steps To Check All Loan Details Through Internet Banking

Follow these steps to view your loan details using this method:

Step 1: Enter your account number and password to log in to your bank’s website.

Step 2: Navigate to the loan section.

Step 3: Choose the specific loan account.

Step 4: Your loan details will be displayed on the screen.

Step 5: Select the option to download the statement as an e-statement.

Different Methods of Tracking Your Personal Loan Status

Here are 2 methods for tracking the status of your personal loan:

1. Mobile Phone Inquiry:  During the application process, the financial institution may have requested your mobile phone number. Notably, some lenders use this channel to provide updates on the loan application status. You can inquire about the progress online through a dedicated mobile app or by contacting customer service, where the representative can utilize your mobile number for efficient retrieval of your application details. Now you might be questioning:

How to Check Your Personal Loan Status Through Customer Service?

The lender that you have chosen can help you track the status of your personal loan through their customer service. Simply dial in, or you can mail your lender’s customer service department to track the status. When you email them, ensure that you attach the reference number with your registered mobile number. The customer service providers will contact you within 24 hours once you have raised your query. 

2. Reference Number Tracking Upon loan application submission, the lender will typically assign a unique reference number. This number, often provided through SMS to your mobile phone, serves as an identifier throughout the loan application process. You can utilize this reference number to track the progress of your application online, over the phone, or while corresponding with the lender.

How Can I Check My Personal Loan Status Offline?

We’ll be honest: checking your personal loan status offline is not the best way. But of course, you can still try this method out if you prefer everything in-person. The process is quite simple, literally. Go to the branch office of the bank and ask them about the status of your application. Do not forget to have your reference number (you must have received this number during the time of your application ) with you when you visit them. Once you have provided them with all the deets that they need, their representative will be able to tell the status of your loan application!

If you’re on the hunt for a new loan, consider exploring what Credmudra has to offer. We specialize in pairing you with the ideal lender to meet your needs, and we’re committed to facilitating a smooth and hassle-free disbursement process.

To wrap up, checking your loan details is an essential part of managing your finances. By following the steps outlined in this post, you can easily access all your loan information and ensure that you’re on track with your payments. Remember to regularly check your loan details to stay up-to-date on any changes or updates.

Your thoughts matter to us! Please don’t hesitate to post your views and analyses in the comment section below 🙂

Also, Read: How to Change Mobile Number in PAN Card

FAQs:

1. What Steps should I Take to Delete An Incorrect Loan from My Record?

To tackle a loan you didn’t take out, file an online dispute with CIBIL stating, “This loan account isn’t mine.” Also, send a complaint letter to CIBIL asking to delete the loan, including your KYC documents for proof. CIBIL will then send your complaint to the lender for checking.

2. What does My Loan ID Number Refer To?

A Loan Account Number (LAN) is a unique 14 or 15-digit code given to a borrower’s loan account by the lender upon loan disbursement.

3. What Steps Should I Take to Fix Mistakes in My Credit Report Linked to My PAN for Loan Accounts?

In case of errors or mismatches in your credit report, you should file a dispute with the credit bureau. They will look into the issue and rectify any verified inaccuracies.

4. What Method can I use to Find out my Remaining Loan Amount?

To know the balance you owe on your loan, sign in to your online banking or use the lender’s app. There, you can download your loan account statement. If internet access is a problem, a phone call to customer service can also provide you with the statement you need.

5. What’s the Way to Determine if My Loans have been Written Off?

Should the bank decide to write off your loan, it will close the account, meaning you’re no longer required to make payments. You can confirm if your loan has been written off by downloading the latest statement of your loan account.

6. How Often Should I Check my Loan Details?

It’s a good idea to check your loan details at least once a month to make sure that you’re up-to-date on your payments and that there are no errors in your loan details.

7. What Happens if I Miss A Loan Payment?

If you miss a loan payment, you may be charged a late fee or penalty. Missing multiple payments can result in defaulting on your loan, which can have serious consequences, such as damage to your credit score.

Also, Read: How to Change Mobile Number in PAN Card