India’s leading financial institution Home Credit India is a part of an international consumer finance company. Since its entry into the Indian market in 2012, it has racked up over 10 million happy customers. Both online and offline customers can use Home Credit India’s services. In an attempt to increase access to credit and extend financial services for underrepresented communities, loans are also made accessible to individuals with bad credit or no credit at all.
When you have had your application for a loan approved, the next step is to keep track of the payments made toward the loan. However, this might become challenging, particularly if you are already making payments on more than one loan.
Similarly, banks have difficulty keeping tabs on each loan they have disbursed. The LAN, also known as the loan account number, helps both parties simplify the situation.
What is meant by LAN (Loan Account Number)?
When your loan is accepted, and the loan account is formed, your bank will provide you with a loan account number.
This number is a unique sequence of digits assigned to your loan account.
If you have taken out more than one loan from the same financial institution, each loan will have its unique loan account number. The loan account number, which is one of a kind for each loan account, is how financial institutions maintain tabs on all of the loans they have approved.
Why is it necessary for you to know the account number for your loan?
It is essential to be familiar with and able to recall your loan account number to successfully manage your loan, check your loan status, and make EMI payments. You are required to provide your loan account number to complete the repayment of your loan through any of the following methods: net banking, debit card, online wallets, or visiting the branch of the bank.
- When you need any other kind of assistance or service concerning your loan, having your loan account number handy is very helpful. The bank will not assist you with your questions unless you first provide them with the loan account number.
- You will need to have your loan account number on hand to proceed with making any necessary changes to your personal information that is associated with your loan account. For instance, if you want to update your contact information but your phone number has changed, you will need to present your loan account number.
How can you access your loan account number?
Checking the account number associated with your loan can be done in many different ways. Some of them are as follows:
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Check the statement attached to your loan.
Your loan account number will be included on the loan statement that is generated by your bank once your loan has been approved. This statement will include all of the relevant information about your loan. On the statement, you will also find information on the amount of the remaining balance as well as the EMIs that have been paid.
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Sign in to the mobile banking app or website of your bank.
You can also verify your loan account number by connecting to your registered banking account via the customer login part of the bank’s website or using the mobile banking app the bank offers.
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Dial the toll-free number provided by the bank’s customer service department.
If you contact the toll-free customer helpline number provided by the bank, you will be able to get information and assistance about your loan.
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Go to any location of your bank’s branch.
You may bring your Permanent Account Number (PAN) card as well as the bank information to the branch from where you obtained the loan. Give the information to the officer working at the bank. Following the completion of the verification process, the officer will provide you with your loan account number.
Where can I get my Home Credit loan account number?
Your loan account number, which consists of 10 digits, can be found in the contract documents. You can further see the information by using the My Home Credit app, which is downloadable from the Apple App Store and the Google Play Store.
FAQs
When it comes to loans, what options does Home Credit India offer?
Home Loans, Personal Loans, Home Appliance Loans, Two-Wheeler Loans, and other types of loans are just a few of the many types that can be obtained via Home Credit India.
Where can I find the contact information for Home Credit's customer service department if I have any questions?
You can reach Home Credit's helpful customer service staff by dialling 18601216660. Care@homecredit.co.in is an additional email contact option.
Can I alter the due date of my EMI payment?
Since it is created by a system, the EMI due date cannot be amended while the loan is outstanding.
Can I cancel my home credit loan?
If you change your mind about the home credit loan within 15 days of signing the contract, you won't be charged any fees.
How do I pay the EMI on my home loan, and what options do I have?
The EMI payment on a home loan may be made in many different ways. Debit cards, credit cards, UPI, and other payment options are all available to you.
