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From here, it takes approximately another 15 days to verify the documents submitted and successfully process the home loan application. In some cases, it may even take a month or two based on the availability of all required documents. As evident, the entire process from home loan application to sanction is quite complex and therefore having a system in place to track its status can be helpful. It can save you a lot of time and help you plan your next steps.
These articles, the information therein and their other contents are for information purposes only. All views and/or recommendations are those of the concerned author personally and made purely for information purposes. Nothing contained in the articles should be construed as business, legal, tax, accounting, investment or other advice or as an advertisement or promotion of any project or developer or locality. Make a request for a home loan statement to the executive of the bank. Enter your home loan account number, date of birth, loan amount, and EMI amount to access your account.
Online via the Home Credit mobile app
Enjoy the convenience of cashless payments and save on your shopping as well. Within 15 days of signing the agreement, you can cancel the home credit loan without incurring any penalties. The EMI due date cannot be modified throughout the life of the loan since it is system-generated. With the statement, you can learn about impending EMIs, the balance of the loan, etc. Type in the 6-digit OTP to confirm your mobile phone number.
Using the lender’s official website is the easiest and most common method of checking your home loan status. Although the relevant option or process of finding out the status of a loan may differ based on the bank or NBFC concerned, the information is generally available to the customer within a few clicks. Some lenders may ask for your application number and PAN Card number while others may also ask for your contact details and other personal details. It’s advisable to keep all loan-related information ready so you can enter them correctly if needed.
Online Method to Check Home Loan Application Status -
Fincity customers can find their home loan status instantly by logging intoapp.fincity.com. Generally, it takes approximately 30 days for the bank to process an application and update you with the loan status. Since mobile number is unique to each individual, it is used as a point of reference for many lenders when it comes to tracking home loan applications.
Bajaj Finserv focuses on ensuring maximum comfort for our customers, and the modes of communication are all remote, helping you avoid numerous branch visits. Home Loans, Personal Loans, Home Appliance Loans, Two-Wheeler Loans, and others are among the loans they provide. Because a home loan statement serves as evidence that the loan was repaid, it makes it easier to obtain financing in the future. According to Income Tax Act’s Section 24, you can claim a tax deduction of up to 2,00,000 for the interest that you have paid on your house loan. You can claim tax deductions on the principal amount of the house loan up to a maximum of 1,50,000 rupees under Section 80C of the Income Tax Act.
Home Loan Application Process
You can track your home loan status either online, on call or by simply visiting the bank’s branch. To check home loan status online, you will need to feed in specific details such as your mobile number, home loan application number or ID. If you want to track the application status via call, you can simply dial their customer care or representative’s number and share your application ID or reference number with them. If you visit the bank’s branch in person, all you need to do is speak to a bank representative and share your home loan application/reference number; they will give you access to the information you need. No matter which mode you choose, make sure to keep a check on your loan status to avoid a delay in sanction due to unexpected issues. Most banks and NBFCs have online portals or mobile apps where you can check the status of your home loan application.
Get control over your loans and payments simply by checking My Home Credit app. If you’re still keen on tracking your loan status, you may write to us , for a prompt response. Once you have successfully completed your home loan application, our representative will contact you to walk you through the next steps.
Home Credit Loan Statement: What is a provisional certificate?
If your loan application passes verification, you will receive a call from us confirming your loan amount and other home loan terms before disbursing your loan amount into your account. It is simple to get online either a housing loan statement or a provisional interest certificate for a home loan. To inquire about the progress of the loan application, you can use the Home Credit India mobile app to chat online. When you submit your application, the bank issues a reference number or application number. You can use that number also to track your home loan application.
You can check the status of your home loan application in many ways. Banks and housing finance companies allow home loan applicants to check the status of their applications both online and offline. Alternatively, you can contact Home Credit customer service in the following ways to determine the status of your personal loan application. You can track your home loan application online as well as offline. To track the application, you will need to provide your application /reference number, date of birth and mobile number. You can get access to your home loan status by sending an email to the authorized mail ID of either the customer care or the loan processing department of the bank concerned.
You can view which stage your application has reached on the top-right section of the page. Click ‘View Application’ under the one whose status you wish to check. You can now view your active applications on the Fincity dashboard. Check here the updated operational schedules of our payment partners.
It provides details regarding any costs or penalties that can apply throughout the term of the loan if any of these apply. The statement period of a home loan gives information about the length of a house loan for which the transactions are presented in statements. This is usually found in the top right-hand corner of the statement. Alternatively, you can see the details of your current personal loan by selecting “My Loans” from the drop-down menu located in the upper left corner of the homepage. The Home Credit app’s Home screen is where you’ll go to get information about any current loans you have. Property documents such as Sale Deed, allotment letter, NOC from builder/society, possession letter, property tax receipt, etc.
Once you have submitted your application along with all the supporting documents, banks generally take upto 4 weeks to approve your loan. However, there are various factors that could delay the approval. For example, if any of the home loan documents are missing, the bank may put your application on hold. If you are an existing customer of the bank, you can easily track your application through net banking. As discussed earlier in this article, reference number is also a unique identifier – different for every single applicant. All you need to do is to keep the loan reference number handy and enter it in the required field when asked and you can see the home loan status immediately.
On the home loan statement, the portion of the home loan amount that is still due will also be noted. Various Builder/Developer who have advertised their products. Magicbricks is only communicating the offers and not selling or rendering any of those products or services. It neither warrants nor is it making any representations with respect to offer made on the site. Address proof such as Aadhar, Passport, Driving license, electricity bill, ration card, bank statement, etc. Learn everything you need to know about your loan and how to pay on your smartphone.
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