Personal Loan Statement

It is important to keep a record of all the transactions you make to repay your loan. Hence, the bank provides you with a personal statement where you can view the details of the loan availed by you and the transactions made by you.

What are the things you can view in your personal loan statement?

• You can view the details of the personal loan scheme availed by you. You can view the loan amount availed by you, the repayment tenure, whether your interest is floating of fixed, etc.
• You can also view the last date for the payment of the next EMI, the amount you will have to pay.
• You can view the history of all the EMIs you have paid till date. In case you miss a payment, it will be reflected in your statement. The statement will also show you any penal interest levied in case you delay the payment of your EMI.
• If you have part paid your loan, then the record of the transaction will be reflected in your bank statement.

How to view your personal loan statement

There are multiple ways through which you can view your personal loan statement. We will have a look at the methods you can use to view your personal loan statement.

Through net banking

Today every lender in India offers the net banking facility to its customers where they can avail various banking facilities. You can use the facility to view your personal loan statement. You can use your net banking credentials. Most of the banks under its net banking facility provides the ‘loan’ section through which a customer can view the details of loans availed by them. Click on ‘loan’ and you can download the e-statement on your computer or simply view your personal loan statement online.

Through the Log in portal

If you visit the official website of a bank. You will be able to view ‘loan’ under ‘products’ section. Under loans, you can click on ‘personal loan’ which will direct you to a new page. You can click on ‘Login’ and using your log in credentials you can view your personal loan statement.

Through mobile app

You can simply download the bank’s mobile app on your smartphone. Use your log in credentials and click on ‘loan’. You can view not only your personal loan statement, but also other details of the loan/s availed by you.

Through email ID

You can send a mail to the bank’s email ID asking them to send you your personal loan e-statement. The bank will send you the e-statement to your email ID. If you use the net banking or mobile facility, you can provide your email ID, and you will receive the e-statement.

Customer care

You can also get in touch with the customer care service of the bank where a bank representative will help you with the process of viewing your personal loan statement online.

Offline

You can visit the nearest branch of the bank from whom you availed the personal loan to get your personal loan statement. Make sure you carry all the relevant documents with you to the bank. A representative from the bank will help you with the process and will provide you with your personal loan statement.

If you have availed a personal loan, then you must view the e-statement on a regular basis. It contains the records of all the transactions and other important details related to your loan. The personal loan statement is extremely transparent and keep away any possibility of disputes between the lender and the customer.