How to Check Your Two-Wheeler Loan Status

In case you apply for a two-wheeler loan, almost all banks and Non-Banking Financial Companies (NBFCs) provide the option to check the status of the loan online. Apart from visiting the official website of the lender, you can check the status of the two-wheeler loan by calling the customer care number of the lender or by visiting the lender branch.

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Understanding Two-Wheeler Loan Status

Checking the status of a two-wheeler loan involves verifying various stages of the loan application or repayment process. These stages typically include application submission, approval, disbursal, and repayment. By tracking the status, borrowers can stay informed about the progress of their loan and take necessary actions if required.

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Check the Two-Wheeler Loan Status - Online

Depending on the lender, the process to check the status of the two-wheeler loan will vary. The process to check the loan status on the official website of HDFC Bank, Tata Capital, Axis Bank are mentioned below:

two wheeler loan status

HDFC Bank

  1. Visit HDFC Bank website.
  2. Enter the Application Name or Reference/Proposal Number.
  3. Enter the Date of Birth or Mobile Number.
  4. Click on ‘Submit’ to check the application status.
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Tata Capital

  1. Visit Tata Capital Bank website.
  2. Select ‘Mobile Number’ or ‘PAN’.
  3. In case you have opted for mobile number, enter the number.
  4. Click on ‘Send OTP’.
  5. Enter the OTP that is sent to the registered mobile number.
  1. In case you have opted for PAN enter the number and click on ‘Submit’.
  2. Once the details have been verified, the status of your two-wheeler application will be displayed.
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Axis Bank

  1. Visit Axis Bank website.
  2. Select ‘Customer’ and click on ‘Proceed’.
  1. Next, enter the mobile number.
  2. Click on ‘Submit’ to check the status of the application.
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Check the Two-Wheeler Loan Status - Offline

To find out the status of your application for a two-wheeler, go to the lender's branch that is most convenient for you. To verify the loan's status, pertinent information must be provided.

Check the Two-Wheeler Loan Status - Customer Care

To find out the status of your application, call the lender's customer service line. The customer service representative will inform you of the status of the two-wheeler loan once all necessary information has been given.

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Check the Two-Wheeler Loan Status - SMS

Certain lenders allow you to check the status of the two-wheeler loan via SMS. However, the SMS must be sent from the registered mobile number.

Tips for Checking Two-Wheeler Loan Status

  1. Verify Information Accuracy:

When checking the loan status through online portals or SMS services, borrowers must ensure the accuracy of the information provided. Any discrepancies should be immediately reported to the lending institution for resolution.

  1. Regularly Monitor Status:

Borrowers should regularly monitor the status of their two-wheeler loan to stay updated on any changes or developments. This proactive approach enables borrowers to address any issues promptly and ensures a smooth loan process.

  1. Keep Documentation Handy:

It's essential to keep all loan-related documents, such as application forms, loan agreement, and repayment schedule, readily available. These documents may contain crucial information required for checking the loan status.

Checking the status of a two-wheeler loan in India is crucial for borrowers to stay informed and manage their finances effectively. By utilizing online portals, customer service channels, SMS services, or branch visits, borrowers can access timely updates on their loan application, approval, disbursal, and repayment.

FAQs on How to Check Two-Wheeler Loan Status

  • Is it mandatory to send an SMS from the registered mobile number to check the two-wheeler loan status?

    Yes, it is mandatory to send an SMS from the registered mobile number to check the two-wheeler loan status.

  • Will any charges be levied to check the two-wheeler loan status online?

    No charges will be levied to check the two-wheeler loan status online.

  • Can I visit the nearest bank branch to check the two-wheeler loan status?

    Yes, you can visit the nearest bank branch to check the two-wheeler loan status.

  • Do all banks and NBFCs provide the option to check the two-wheeler loan status online?

    Most banks and NBFCs provide the option to check the two-wheeler loan status online.

  • Will any charges be levied to check the two-wheeler loan status via SMS?

    Yes, charges may be levied to check the two-wheeler loan status via SMS.

  • Do lenders provide the option to apply for a two-wheeler loan online?

    Yes, certain lenders provide the option to apply for a two-wheeler loan online.

  • Will any charges be levied to use BankBazaar’s two-wheeler loan EMI calculator?

    No charges are levied to use BankBazaar’s two-wheeler loan EMI calculator.

  • Can I call the lender’s customer care to check the two-wheeler loan status?

    Yes, you can call the lender’s customer care to check the two-wheeler loan status.

  • Will the credit score impact the two-wheeler loan interest rate?

    Yes, credit score will impact the two-wheeler loan interest rate.

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