IDFC Bank Loan Status | Check & Updated Guide

Key Takeaways 

• Enter your registered mobile number into the IDFC Bank's online tracker to see the status of your loan application immediately. 

• You can keep track of the specific loan type you've applied for and its status with the IDFC Bank's variety of loan products, which include personal, home, business, vehicle, education, and property-backed loans.

• A branch visit or phone call is an offline option if you face a problem with the IDFC Bank online tracker, such as a mismatched mobile number or an OTP failure.
   

“You want to keep checking what stage your IDFC FIRST Bank loan has reached, right? That’s where the loan status helps you. This blog explains how you can quickly check your IDFC loan status anytime using your mobile number.”

Your IDFC loan status works like checking the steps of a simple process, just like seeing which step your food order is on. It tells you if your loan is submitted, verified, approved, or disbursed, so you always know what’s the status of your IDFC loan.

When I checked my ₹1,80,000 loan, the tracking page showed that document verification was done and the approval step had already started. When I saw that the process was almost 70% complete, it helped me understand how soon the loan would move ahead. Let’s learn how easily you can track your IDFC FIRST Bank loan details whenever you need them.

Types of IDFC Bank Loans

The bank provides the following primary loan categories with these features:

You can track with the appropriate category and determine which loan to apply for due to this breakdown.

How to Check IDFC Loan Status?

The IDFC loan status login process is simple because the bank only asks for your mobile number and OTP. The following table lists several offline and online approaches to solving that:

Many customers prefer checking their IDFC loan status with loan number online when they want a quick update without visiting the branch.

What are the documents required to check the IDFC loan status? 

You won't need all of your application materials again when checking the status of your loan. Your application/reference number also helps you complete your IDFC loan status login smoothly. The key things you'll require are:

These minimal documents are sufficient since you are only checking your status and are not reapplying. This number is essential if you want to track your IDFC loan status with loan number online without any delay.

Bonus Tip: You don't have to log in all the time because customers receive OTP-based SMS notifications for every status change.

Conclusion 

When you apply for a loan with IDFC FIRST Bank, you can use the branch/call center options, mobile app, or online tracker to find out your IDFC FIRST Bank loan application status. You should know the type of loan you applied for, the minimal information required, and how to receive transparent updates. Choose the method that works best for your IDFC loan status check and stay updated at every stage.

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FAQs on IDFC Loan Status 

How does IDFC FIRST Bank calculate interest on personal loans, and why can the effective annual rate differ from the advertised rate?

The bank calculates interest on a monthly reducing balance. The effective annual rate may differ because processing fees and other charges increase the overall cost.

Is insurance mandatory when taking a personal loan from IDFC FIRST Bank, or is it optional for borrowers?

Insurance is optional. You can take it for extra protection, but the IDFC FIRST Bank does not make it mandatory.

How do I check my IDFC loan details?

You can use the Track My Loan Application page or log in to the mobile app/net banking to see your loan status and EMI details.

What are the advantages of taking an education loan from IDFC FIRST Bank? 

You get high loan amounts, flexible repayment, digital processing, and Section 80E tax benefits on the interest.

Why am I not getting the OTP from IDFC FIRST Bank while checking my loan status?

It usually happens due to network issues, SMS blocking, or a wrong/unregistered mobile number. Fixing these solves the OTP issue.
 

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.