These days, personal loan application status can be followed up online at many financial institutions. You can check the status of your loan application and learn when you can expect to receive your funds by accessing the lender’s online portal using the credentials provided to you.

Track Your Loan Status through the Lender’s Official Website

Your loan application status can be monitored in some cases on your financial institution’s website. When you apply for a loan from a financial institution, they will provide you with a unique identification number (id) to keep track of your application. You can use it to access the organization’s web portal and monitor the status of your application.

Track Your Loan Application through a Smartphone

You can also use your lender’s mobile app to keep tabs on your personal loan application status online. The app is mobile-device compatible. The ability to monitor the status of a loan is a standard feature of banking apps.

As soon as you click it, you’ll be prompted to provide your login details so you may check the status of your application. A one-time password may also be an option for logging in. You can view your loan information in full transparency online after logging in to the main dashboard.

Before applying, try the EMI calculator online. This calculator can help you estimate your monthly loan payments.