How to check your Car Loan EMI status online?

Summary: Taking a car loan to buy your dream car would mean a monthly outlay of funds as EMI. If you have applied for a car loan, you can check its status and track the repayment schedule online with just a few clicks.

02 Nov 2021 by Team FinFIRST

How to check your Car Loan EMI status online?

Apply Now

Do you want to check your car loan EMI status? You can now do it online with just a few clicks

Owning a car is no longer a luxury; in fact, it has become a necessity. And in the pursuit of achieving this milestone, people usually fund only a part of their vehicle's cost through an auto loan. So, to make car purchasing convenient for you, IDFC FIRST Bank offers up to 100% on-road costs. What's more, the Auto loans come at competitive rates and zero processing fees. Also, the loan term is flexible - typically, they have a tenure of 10 years. Any individual between the ages of 21 to 60 years, with an annual income of at least Rs. 2.5 Lakh can avail a car loan. IDFC FIRST Bank's Auto loans or car loans are processed quickly; applications and disbursements typically take seven days.

The e-tracker on IDFC FIRST Bank enables applicants to get real-time updates about their auto loan. Once you apply for a car loan, you will be given a reference number, which you can use to check the status online. You can also pay your EMI every month without hassles via the online mode. The history of payment and the balance to be paid can be viewed through one's bank login.

Personal loan to consolidate all your debt

Recurring deposits: Consider the advantages and benefits

Checking Your Car Loan EMI Status Online

Checking your application status online is easy to ascertain if the loan has been processed or stuck. By checking the status proactively, you can take necessary actions to resolve any issue that has arisen. You will have to check with the bank's customer care service to provide the required clarification and document as applicable.

Here are two modes through which you can check your car loan application / EMI status online:

Online Mode – Customer Portal

To know the application status, visit the official website of the bank or financial institution. At the application stage, most banks usually only issue a reference number against the application. The same can be entered along with other details like registered mobile number and date of birth to enter into the customer portal. The 'check application status' option will provide an update concerning your application.

If you have already availed of the car loan and have been paying your EMI, the status of your outstanding loan and the history of your payment can be viewed using the login id and password. You can download the statement for future reference as well.

Taking a car loan to buy your dream car would mean a monthly outlay of funds as EMI. If you have applied for a car loan, you can check its status and track the repayment schedule online with just a few clicks.

Online Mode – Mobile App

Log in on the mobile app. Under the product and services, you can view 'check application status'. Enter the reference number and the date of birth (if required) and check the online application status.

If you have already availed of the car loan and need to look up the EMI payment status, you can use the login ID and password, which is issued along with the disbursement of the auto loan.

The online platforms can also be used to make EMI payments; most loans come with an ECS mandate that ensures that the payments are made automatically as per schedule. The other modes of checking car loan status include visiting the branch, calling customer care - these are time-consuming and cumbersome. Therefore, online methods to stay on top of your loans make for a completely contactless, paperless and digitised process.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirst.bank.in for latest updates.