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There is no doubt that most of the people face a financial crisis at some point in life or they might have an urgent need for money. The need for money can arise due to several reasons such as education, wedding, medical emergencies, home renovation, etc. Whatever the reason may be behind the need, an easy way to fulfill all of these personal or immediate needs is a personal loan.
Personal loans turn to be a life savior in such situations and can be availed easily as the disbursal of personal loan in UAE happens with a few hours which make it the best financial tool to fulfill all our monetary needs. Though there are plenty of reasons for a personal loan to choose from, one thing that really matters is the very next step after applying for a personal loan is the personal loan status. Well, there are different modes through which you can easily check the status of personal loan in UAE. These modes have really made this process simple for customers.
Here in this article, we will discuss the different modes of checking the status of the personal loan application.
Most of the banks & financial institutions have amazingly upgraded their websites through which the loan applicant can easily check the personal loan status in real time. Checking the status of the personal loan application can be done with just a few clicks. All you need to provide some relevant information such as your name, date of birth, reference number, mobile number, etc in order to check the status of personal loan in UAE. With this, the loan applicant will get a real time update without visiting the bank in person.
If you are not comfortable in checking your personal loan status online then you can check the status of personal loan in UAE offline. Either you can physically visit the bank from through which you have availed a personal loan or you can contact the customer care of your personal loan lender. Please note that the lender will ask you the reference number or loan application number. So make sure you keep the loan application number in handy when calling the customer care in order to track your personal loan status. In, in case, you’ve lost your loan application number, the customer care executive may ask you to provide some information such as name, date of birth (DOB), and other essential information in order to check the details of your loan application.
Though the main goal is to check the personal loan status, different personal loan providers may make you do the same through some other ways. Here are three main ways through which you can easily check the status of personal loan in UAE.
Since mobile numbers are considered as a unique identifier, many of the personal loan providers/lenders use the mobile number in order to check the authenticity of the applicant. It simply makes the tracking process simple and faster as the loan applicant just need to fill his/her mobile number and the OTP (one-time password) that comes to a specific number. This tracking method does not require a reference number or the loan application number.
The next method to track the personal loan application is by reference number or the loan application number. Just like mobile number, it is also a unique identifier. So, the loan applicant can use this unique number to track the loan application.
If in case you’re an existing customer of the bank through which you have applied for a personal loan, you can easily track the personal loan application through net banking also. All you need to do is to log in to your net banking portal and then go to the loan section. While opening the section of loan, you can find the loan for which you have applied along with all details as well as the status.
The Final Word
All the above-mentioned modes of tracking the personal loan status have really made the process easier for the loan applicant. You can apply for a personal loan to fulfill your monetary needs. And once you have applied for a personal loan, you can stay up-to-date with the status of loan application through the different ways offered by the bank. Best of all, you can track the personal loan application at any stage- right from the day of loan application submitting to the last equated monthly installment (EMI) of the loan both online and offline.