How to Check Personal Loan Status in HDFC Bank?

HDFC Bank offers personal loans to individuals seeking quick financial assistance for various purposes, such as medical emergencies, weddings, travel, and debt consolidation. These loans are known for their competitive interest rates, minimal documentation, and swift approval process, making them a convenient option for both salaried and self-employed individuals. You can use online and offline methods to check your HDFC Bank Personal Loan Application Status.

Ways Check HDFC Bank Personal Loan Status online

Here’s how you can check the status of HDFC personal loans. Take a look.

By Mobile Number  

When applying for a loan with HDFC Bank, you must provide your mobile number, which becomes the primary channel for all subsequent communications regarding the application. Here’s how to check your HDFC Bank Personal Loan Status by mobile number.

• Begin by navigating to HDFC Bank’s official website.
• Within the ‘products’ menu, select ‘loans’ followed by ‘personal loans’.
• On the personal loans page, locate a ‘floating menu’ at the bottom and opt for ‘track personal loan request’.
• This action will redirect you to a new page where you’re prompted to enter your mobile phone number.
• After entering your mobile number, the bank will send you a verification code.
• Input this verification code as instructed, and the bank will then furnish you with the current status of your HDFC personal loan application.

Check Status through a mobile application? 

HDFC Bank offers a dedicated mobile application for its customers’ convenience. This app allows users to easily monitor their account and credit card balances, among other features. Additionally, HDFC provides a separate app specifically designed for loan oversight for those interested in managing and tracking their loans more effectively. The HDFC Loan Assist app, available for download on Google Play, lets users stay updated on their loan details. Here’s how you can utilise this application:

• After installing the app, explore HDFC Bank’s range of loan offerings.
• For existing loan applicants, select the personal loan feature within the app to view your application’s status.
• Upon entering the required information, you’ll receive an update on your loan application’s progress.

With Reference Number

 Here’s how you can check HDFC Personal Loan Status using the reference number:-

• Visit the webpage at-  https://leads.hdfcbank.com/applications/misc/LST/loantracker.aspx.
• Input the applicant’s name or the reference/proposal number, followed by the applicant’s date of birth or mobile number. Then, click on ‘Submit’.
• This will enable you to view the current status of your HDFC personal loan.

How to Check HDFC Personal Loan Status Offline?

Besides the online options mentioned previously, HDFC Bank also provides several offline avenues for customers wishing to inquire about their loan statuses. The most effective offline method is to visit an HDFC branch. HDFC has a wide network of branches across all major cities in India. Upon visiting, you should present the reference number assigned during the loan application process. A bank official can use this number to update you on your loan status.

Alternatively, you can contact the bank’s customer service team for information on your loan. You can connect with a customer service representative by dialling the toll-free number 1800 258 3838. It’s important to have your registered mobile number and loan application reference number at hand when you connectl. These details will enable the representative to locate your loan application and inform you of its current status.

Requirements for Checking Personal Loan Status

The following information is required to check HDFC personal loan application status. Take a look! 

• Applicant’s name 
• Reference Number 
• Mobile Number 
• Date of Birth 

Understanding Your HDFC Bank Personal Loan Status

Understanding the status of your HDFC Bank personal loan involves knowing where your application stands during the loan approval process, which can be broken down into several stages:

• Submitting Application: This is the initial stage where your application has been successfully submitted with all the required documentation.
• Under Review: Your loan application is under evaluation at this stage. HDFC Bank assesses your creditworthiness, verifies your documents, and determines whether you meet their lending criteria.
• Approval In Principle: This indicates a conditional approval based on the documents and information provided. Final approval may require further documentation or verification.
• Disbursed: This status means your loan has been approved, and the funds have been disbursed into your account.
• Rejected: If your application does not meet HDFC Bank’s criteria, it may be rejected. The bank will usually provide reasons for the rejection upon request. 

Solve/ Fix/ Troubleshooting Common Issues with Personal Loan Application

When applying for an HDFC personal loan, applicants might face various issues that can hinder the application process. Here are some common problems and how to troubleshoot them:

• Incomplete Application: Ensure all required fields are accurately filled out and that necessary documents are attached. Incomplete applications can lead to delays or rejection.
• Low Credit Score: A low credit score is a common reason for loan rejection. Work on improving your credit score by paying off debts and making timely payments.
• Inadequate Income: If your income does not meet the lender’s requirements, consider adding a stable co-applicant.
• Application Status Not Updating: If your application status hasn’t been updated for a while, contact HDFC Bank’s customer service for an update.
• Rejection Without Clear Reason: If your loan application was rejected without a clear explanation, request detailed feedback from the bank that will help you understand the reasons for rejection. 
• Unfamiliarity with Terms and Conditions: If you don’t understand something in the terms and conditions, contact the bank for clarification.