IDBI Bank, one of India’s leading and popular public sector banks provides education loans. At competitive interest rates, aspiring students get the desired financial assistance to study in India and abroad. Their hassle-free application process and IDBI track education loan status lets you keep up with the bank’s loan process. You would require basic details like loan application number and registered mobile number. Let’s explore the ways to help you track your education loan status from IDBI Bank.
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How to Track IDBI Education Loan Status?
To track the status of your IDBI education loan to study abroad or domestic loan, you can either visit the official website or the nearest bank branch. Vidya Lakshmi Portal can also help you check the status of your loan with IDBI Bank. Here’s what you can do-
- Visit the IDBI Bank official website and navigate to the education loan section. Log in to your account with your ID and password.
- If you have applied through Vidya Lakshmi Portal IDBI Education Loan, you can log in to your account using your credentials.
- Customer Support: You can also call IDBI Bank’s customer service at 1800-200-1947 or 1800-22-1070 for assistance regarding your loan status.
- Alternatively, visit your nearest IDBI Bank branch for direct assistance from bank officials regarding your education loan application status.
Also Read: Know all about IDBI Student Account and explore the features and benefits of opening the same.
Details Needed to Track IDBI Education Loan Status
To track your IDBI Education loan status online or offline, you will need certain details. By having them ready, the bank can ensure the authenticity of the personal information provided. Here’s what you will need to track your loan status through IDBI Bank’s official website, the Vidya Lakshmi Portal, or by contacting customer support.
- Loan Application Number- This is a unique number assigned to your loan application which helps you track your IDBI education loan status.
- Registered Mobile Number for verification purposes.
- Some tracking methods may require you to provide a registered email address to send OTPs and verify the same.
- Depending on the method used, you might also need to provide additional information like your date of birth or PAN number.
Also Read: Know all about the IDBI education loan repayment plan and explore the best plan for you.
Education Loan Status and Its Meaning
Understanding your loan status can help you stay informed about the progress of your education loan application. Here are the different education loan statuses and their meanings-
| Education Loan Status | Meaning |
| Under Review | Since IDBI education loan processing time is 15-20 days, your status can show ‘’Under Review’’, meaning that the bank is assessing your loan application. |
| Pending | A “Pending” status suggests that the bank is awaiting additional information or documentation from you before proceeding with the application. Make sure to respond in time to avoid delays. |
| Approved | If your application status shows “Approved,” it means the bank has reviewed and accepted your loan application. You will likely receive a loan sanction letter detailing the terms and conditions of your loan. |
| Rejected | If your application is marked as “Rejected,” it indicates that the bank did not approve your loan request. |
| Disbursed | The “Disbursed” status means that the loan amount has been credited to your account or directly to your educational institution. This signifies that you can now use the funds for tuition or other educational expenses. |
This was all about tracking IDBI education loan status. To know about education loans, the best bank accounts for students, and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
FAQs
You can track your education loan status online through the bank’s official website or the Vidya Lakshmi Portal. Simply enter your application details to view the current status.
To check your IDBI loan status online, visit the IDBI Bank website and navigate to the loan tracking section. Enter your loan application number and other required details to access your status.
You will need your loan application number, registered mobile number, and possibly your date of birth. These details help verify your identity and retrieve your application status.
“Under Review” indicates that the bank is assessing your application and verifying documents. This stage involves checking eligibility and financial background, which may take some time.
Typically, it takes about 15 to 20 days for an education loan application to transition from “Under Review” to “Approved.” This duration allows for thorough verification and assessment by the bank.
