A personal loan statement is released by a financial institution or loan provider and contains all your loan details and transaction history. When it comes to managing your loan, it is essential that you have a record of all your transactions, from EMIs to prepayments. All information in one place ensures you make informed decisions and secure your financial well-being.
Financial institutions allow you to access your personal loan statement in many ways so that you can choose the most convenient method. By providing a few details about your loan, you can request it online and offline.
Read on to know the different methods you can use to generate loan statements online and offline and how to read them.
What is a Personal Loan statement?
As a loan account holder, you can request your lender to generate this document. With this statement of your loan account, you can check your loan details and answer questions like:
- What is the outstanding amount in the loan account?
- What is the balance I have repaid so far?
- What are my EMIs and when are they due?
- Have any penalties been applied to my loan account?
- What is my remaining repayment tenure?
- What is my loan interest rate?
So, if you have ever wondered, “How to check all my loan details?”, the loan statement is your answer!
Also Read: Personal Loan interest rates in India
Details required to check your loan statement
Whether you get your loan statement online or offline, lenders will require your account and personal details to confirm your account. These include:
- Your name
- Registered mobile number
- Account number
- PAN card number
Ways to check loan details online
Here are the online methods you can use to get your loan account details.
- Via Net Banking:
Here are the steps to check your loan details through this method.
Step 1: Log in with your account number and password
Step 2: Go to the loan section
Step 3: Select the loan account
Step 4: Your loan details will appear on the screen
Step 5: Click on the download option to get an e-statement
- On Your Loan Account
You can also use this method to access your loan statement.
Step 1: Go to the lender’s website
Step 2: Log in with your loan account number
Step 3: Download the e-statement from the options you see
- Through the Mobile App
The lender’s mobile app enables you to easily check your details and loan balance anytime. Simply download the mobile banking application on your smartphone and register with the mobile number linked to your loan account.
- From Your Email Account
The majority of loan providers allow you to opt for monthly or quarterly e-statements, which are sent to your registered email address. Opt for this facility to receive e-statements periodically.
Options to check loan details offline
If you are wondering how to check loan balance or get other loan details without the internet, offline methods can help. These are also a great alternative if you want in-person assistance.
Here are some ways you can try.
- By Connecting with Customer Care
Call the customer care number and share your account details, such as name, PAN card number, etc. and the executive will send your loan statement either by post or digitally.
- At the Branch
The simplest way to get your loan details or know your loan outstanding balance is to go to the nearest branch of the lender and ask for assistance. A representative will ask for your account details. Once verified, you can get your statement.
Whether you choose the online or offline mode, you can check your personal loan details in just a few minutes. These methods can also help you track your loan application status. At Fibe, getting a loan is just as easy as getting your loan details. At Fibe, you can get an instant loan of up to ₹5 lakhs in just 2 minutes with minimum documentation and quick processing. To apply, download the Fibe Personal Loan App from the Google Play Store or App Store or register on the website.
FAQ on how to check the personal loan statement
How can I find all my loans in my name in India?
With your PAN card, you can know the total active loans in your name. For this, you can go to the website of any of the four credit bureaus in India. Here are the steps you can follow:
- Visit the credit bureau’s website
- Log in with your PAN card and other details
- Enter OTP to confirm your registered mobile number
- Download your credit report and check your active loans
How do I check my total loan balance?
To check your loan outstanding balance, you can log into your net banking account or the lender’s mobile app. Here, you can download the account statement for your loan. If you don’t have access to the internet, you can also get the statement offline by calling customer care.
How do I know if my loans are forgiven?
If the bank forgives your loan, the lender will close the account. With a loan waive-off, you are no longer required to pay the loan. To check if the loan is waived off, you can download your loan statement.
