Have you already applied for a loan? Until you get approval, it is a stressful situation. There are several reasons for getting a loan in India. You might want to buy a car or use the loan money for educational purposes. In this blog, we will talk about how to track your loan application status, the benefits you can have, and much more.
Once you finish reading this blog, it will help you understand the process of loan tracking, make necessary changes in your loan application, and some other aspects. Use of a one Andro app will surely help you make the process smooth and fast.
Steps You Can Have to Track Your Application Status
You want to track your loan application status. Here are some popular methods. Learn about them and then pick the right method for you.
- Check Online Portals
If you look online, you will see that almost every bank and financial institution has online portals. You can easily check their online portals and log into your account. There, you will have all the necessary information about your recent application and its status. Make sure to keep your reference number save for future use.
- Use of Mobile Apps
Almost all banks have mobile apps using which you can check and track your loan applications. If you don’t have a particular app, visit the Google Play Store and download the app you want.
- Take Services Provided by Their Customer Service Desk
If you are not familiar with checking the status of your loan application and the overall financial aspects, you need to call the service center of your bank and ask them about your issues. Once you tell them your application number, they will easily tell you about the details you are looking for. Get help from them with other matters as well.
- Enable SMS and Email Alerts
Have you enabled the SMS and email alerts from the bank? After enabling that, you will get all the necessary information about your loan application and status through this. Don’t make any mistakes while filling in the data else you won’t receive any alerts anymore.
- Visit The Branch and Enquire
When nothing is working in your favor, you must visit the branch and check the status of your loan application. Don’t forget to remember your application number and a copy of your identity proof for the verification process. One Andro DSA app can also help you in this process.
What Are the Benefits of Tracking Your Application Status?
So far, we have discussed some of the steps you may use to check the application status of your loan. Now, let’s understand the benefits of tracking your application status.
- You Will Have Timely Updates
Getting timely updates is necessary. When you have the necessary information about your loan application, it will surely help you make changes and make the process more efficient.
- Make Corrections If Needed
Suppose you have made an error while filing your application. You shouldn’t take much time in addressing those issues. Make changes and ensure that your loan application gets approval as quickly as possible.
- Plan Everything in Advance
Do you plan everything in advance? When you can track your loan application, it will help you in planning better. After getting loan approval, get ready for the disbursement and plan how to use the money efficiently.
- You Will Have Some Peace
When you have the power to check the status of your loan, you will feel peace. This will reduce your anxiety and make you peaceful.
Who Can Help You in This Situation?
Do you need some help? Here are some of the experts who can guide you properly.
- Relationship managers at your bank are the people who have been dealing with loan applications all day. They can easily guide you through the process and help you choose the right loan.
- Then you have all the loan agents. Their job is to help people know more about particular loans. Find one and ask all your questions to him.
- A number of online platforms are there where you can visit and discuss your issues.
We hope you will find this blog informative and helpful. To learn more about loan matters, don’t forget to consult with an expert.