IIFL Personal Loan Status

IIFL offers a range of financial services in India, one of them being personal loans. If you’ve applied for a loan from this NBFC (Non-Banking Financial Company), you might want to check the status of your application every now and then. There are a number of ways of doing this. Read on to find out how.

How to check your IIFL loan status online

The easiest way to check the status of your loan is by logging into IIFL’s official website. Given below are the steps involved in this process:

• Visit the following website - https://www.iifl.com/.
• On the top right-hand-side of the page, you will find the ‘My Account’ tab, under which, click on ‘Personal Loan’.
• You will be directed to a new page, where under ‘Login’, enter either your email ID or mobile number followed by your password. Click on ‘Login’
• You can also log in by clicking on the ‘Login using OTP’, following which a One-Time Password (OTP) will be sent to your registered mobile number. Enter the OTP to log in.
• If you are a new customer, click on “Register” and create your account.
• Once your account is created, you can use it to check the status of your application.

How to check your IIFL loan status on your mobile

If you want to check the status of your loan on your mobile phone, you need to download the IIFL Loans app from Google Play Store or the App Store. Once you’ve downloaded the app, you need to first register your account on it. For this, follow the steps given below:

• Enter your date of birth and the mobile number you’ve registered with IIFL.
• Generate an OTP by clicking on “Generate OTP”.
• You will get an SMS containing your OTP. Enter this and complete your mobile app registration.
• After this, create a PIN to secure your mobile account.

Once you’ve set up the mobile app on your phone, you can then use it to check all your loan information.

How to check the status of your IIFL personal loan

There are two ways of checking the status of your application – online and offline. Let’s look at these options in detail.

• Online method: You can track the status of your application online by visiting the company’s website. If you’re an existing customer of IIFL, you can check it using your internet banking credentials. If not, you can sign into your account on the website and check your details. If you don’t already have an account, you can create one by selecting the appropriate option on the website. If you apply through BankBazaar, you can check the loan status on our website or mobile app.
• Offline method: If you’re not internet savvy or live in an area where you don’t have proper internet connectivity, you can try the offline method. You can walk into any of the IIFL branches and ask them to check your application status for you. In order to do this, you have to give them your loan reference number. Keep in mind that you may also need to carry an ID proof with you to prove your identity.

What are the details required to check the IIFL personal loan status?

When you apply for a loan either through BankBazaar or directly with IIFL, you will get a loan reference number. This number will be sent to the mobile number you provide on your loan application.

This reference number is important since you will have to quote it whenever you want to check your loan details. It is important, so keep it safe.

You also need to make sure you have the same mobile number throughout the loan processing period. All the information related to your loan will be sent on your registered mobile number. Also, if you want to check the application’s status, you will have to mention your mobile number.

If at any point you’re changing your mobile number, make sure you communicate this change to IIFL and ensure that they update it in their records.

How to check the loan status through BankBazaar?

Since IIFL has partnered with BankBazaar, you can check your application status on our website if you’ve applied through us. You can also get the information you need on BankBazaar’s mobile application.

BankBazaar will normally keep you updated on the status of your application without you having to check it. We will send you the latest updates on which stage of processing your application is in.

But in case you want to check it on your own, simply follow the steps given below:

• Download the mobile app from Google Play Store or visit the website online.
• If you’re using the app, on the bottom right corner you will see the “Track App” option. Click on it.
• On the website, click on the “Track Application” option on the top right-hand-side of your screen.
• Next, enter the application ID and your mobile number.
• Once you’ve entered these details, click on “Track Application”.

The information regarding your loan application will be displayed on your screen. You can also use your Facebook and Google IDs to log in and check the application’s status.

How to check your IIFL loan status offline

If prefer the age-old method of going to the bank to check on your loan status, you can drop into the nearest IIFL branch. Once you’re there, simply give them your loan reference number and get your loan details. Sometimes, they may ask you to furnish an ID to prove your identity. So, remember to carry your driver’s license, Aadhaar card, passport, or PAN card with you.

If you’re unable to go to a branch office, you can get the details on the phone as well. You can contact IIFL on 1860-267-3000 and 7039-050-000. You will have to provide your loan reference number and mobile number to get your loan information.

FAQs on IIFL Personal Loan status

1. How can I pay my IIFL EMIs?

   You can repay your loan by opting for the Electronic Clearing System (ECS) or the National Automated Clearing House (NACH) mandate. In both these options, your EMIs will get automatically debited form your bank account.

2. Is there any penalty if I don’t pay an EMI on time?

   Yes, IIFL charges you a late payment fee for not paying your EMIs on time. This charge will be mentioned in your loan offer document. Ensure that you pay every EMI by the due date to avoid paying unnecessary fines.

3. Can I prepay my IIFL personal loan?

   Yes, IIFL gives you the option of prepaying your loan. You can start prepaying after 6 months of paying EMIs.

4. Is there any charge for prepaying my loan?

   No, IIFL does not charge you any prepayment fee if you prepay after 6 months of repaying your loan.

5. How can I make prepayments on my IIFL loan?

   You can prepay your loan by transferring money through NEFT or RTGS using IIFL’s online portal.

6. I want to update my contact information. How can I do this?

   You can log into your IIFL account and update your contact information. If you need help, you can always call their customer care number.