How can I check the status of my loan application?

Checking your loan application status is a simple process offered by most lenders to maintain transparency and keep applicants informed. After you’ve applied, you will usually be given a reference number or tracking code. With this you can find out how your application is moving along using several methods:

• Online portals: Most lenders provide an online facility where you can log in and get real-time updates on your application.
• Mobile apps: Some lenders offer dedicated mobile applications for live status tracking.
• Customer service: You can contact the lender’s customer care helpline and provide your application details for an update.
• Email/SMS alerts: Many lenders send regular updates via email or SMS regarding the progress of your application.
• Branch visit: You may also visit the lender’s branch and enquire in person using your reference number.

The status updates typically include stages such as application received, under review, approved, or disbursed. Keeping track of your application helps you respond to any additional documentation requests promptly, ensuring a smoother approval process.