3 min
18-April-2025
How to check your loan against securities payment status?
When you take out a Loan Against Securities (LAS), it’s important to stay on top of your payment status to ensure timely repayments and avoid penalties. Checking your LAS payment status regularly helps you track your loan progress, manage your finances better, and prevent any negative impact on your credit score. Fortunately, there are several ways to check the status of your loan against securities. This can include using online portals, mobile apps, or even directly contacting your lender’s customer service. Understanding how to navigate these options is crucial for managing your repayment schedule effectively. In this guide, we’ll explore various methods that you can use to check your LAS payment status easily. Stay informed and ensure that you are meeting all the necessary requirements to keep your loan in good standing. Let's dive into the details.How to check your loan against securities payment status?
Tracking the payment status of your Loan Against Securities (LAS) is essential for maintaining financial discipline and avoiding late fees or credit score impact. Here’s a detailed, easy-to-follow guide in pointers to help you stay updated on your LAS payment status:Login to your lender’s online portal
Most lenders offer online platforms where you can log in using your loan account credentials.
Navigate to the loan section and select your LAS account to view payment details.
You can check outstanding amounts, next due dates, and past payment history.
Use the lender’s mobile banking app
Download your lender’s official mobile app.
Log in securely and go to the loans or borrowings section.
Your LAS account will display payment status, EMI schedules, and transaction summaries.
Check monthly loan statements
Banks and NBFCs often send monthly statements via email or post.
These statements highlight due payments, paid EMIs, interest rates, and outstanding balances.
Always review these to stay updated on your loan status.
Set Up SMS or email alerts
Opt-in for alerts to get notifications for due dates, EMI deductions, or missed payments.
Alerts help ensure you don’t overlook your loan obligations.
Call customer care or support
Dial your lender’s toll-free number and provide your loan account details.
Ask the representative to share your current LAS payment status.
This is helpful if you're not tech-savvy or need quick answers.
Visit your nearest branch
Visit the lender’s branch with valid ID proof and loan details.
A representative can print or explain your latest payment and account summary.
Speak to your relationship manager
If you have a relationship manager assigned, they can offer real-time updates.
They can also provide advice on prepayments, tenure changes, or restructuring options.
Refer to loan agreement or welcome kit
Your original loan documents include the repayment schedule and terms.
Cross-check your manual records with digital updates for accuracy.
Regularly monitoring your Loan Against Securities payment status ensures timely payments, better credit health, and financial peace of mind.
Benefits of tracking your loan payment status
Keeping track of your loan payment status—especially for loans like Loan Against Securities (LAS)—is not just a responsible financial habit, but also a strategic move that helps you maintain control over your finances. Here are the key benefits of regularly tracking your loan payment status, presented in pointers:Avoid late payment penalties
Timely tracking helps ensure you never miss a due date.
Avoids extra charges, penalties, and interest for delayed payments.
Maintain a healthy credit score
Your repayment history directly impacts your credit score.
Regular tracking helps you make timely payments, boosting your creditworthiness.
Better financial planning
Knowing upcoming EMIs allows you to plan your monthly budget efficiently.
You can allocate funds for EMIs without compromising other expenses.
Identify discrepancies early
Tracking helps you spot any errors in EMI deductions or missed payments.
Early identification allows you to resolve issues before they escalate.
Stay informed about outstanding balance
Monitoring your loan keeps you updated on the remaining principal amount.
It also shows how much interest you've paid and what’s left.
Explore prepayment opportunities
Regular tracking gives clarity on your loan’s progress.
You can decide when it’s financially beneficial to make part-payments or foreclose.
Peace of mind
Knowing your payments are on track reduces financial anxiety.
Offers confidence in your ability to manage and repay loans.
Build a responsible borrower profile
Timely repayments and consistent tracking reflect financial discipline.
This builds trust with lenders, making future loans easier to obtain.
Helps during financial emergencies
Being aware of your payment schedule helps you make quick decisions during crises.
You can request deferment, restructuring, or adjust other financial priorities.
Enables effective communication with lenders
Up-to-date loan knowledge allows for smoother discussions with banks or NBFCs.
Whether it’s about renegotiating terms or resolving an issue, being informed helps.
By consistently tracking your loan payment status, you not only ensure timely repayments but also unlock several financial benefits that support long-term stability and credit health.
Common issues while checking loan payment status
While checking your Loan Against Securities (LAS) payment status is usually straightforward, users can sometimes face various issues due to technical glitches, misinformation, or lack of access. Understanding these common problems can help you troubleshoot quickly and maintain accurate loan tracking. Here are some of the typical issues borrowers encounter, listed in detailed pointers:Login problems on online portals
Users often face trouble accessing their lender’s website or app due to incorrect login credentials.
Technical errors like server downtime or maintenance can also prevent access.
Outdated information displayed
Sometimes, payment status or EMI history isn't updated in real-time.
Recent payments may not reflect immediately, leading to confusion.
Incorrect loan account number
Entering the wrong loan account or customer ID can result in failed attempts to retrieve payment data.
Double-check your loan details before logging in or contacting support.
Unlinked bank accounts or securities
If your linked demat or bank account isn't updated in the system, it can affect access to accurate loan details.
Ensure all accounts are properly connected with your loan profile.
Mobile app errors or crashes
Some users face app crashes, bugs, or compatibility issues with certain devices.
This may prevent real-time updates or access to loan information.
Delayed SMS or email notifications
Alerts for EMIs or payment confirmations may be delayed or missed.
Relying solely on notifications may cause you to overlook due payments.
Wrong contact information registered
If your phone number or email is outdated, you may not receive loan updates.
Always keep your contact details updated with the lender.
Confusion between multiple loans
Borrowers with more than one loan might mix up accounts while checking payment status.
Clearly label or identify each loan in your online account.
Discrepancies in EMI deductions
Sometimes, EMIs are not deducted on the expected date, causing worry.
This could be due to insufficient balance or technical delays.
Lack of customer support response
When facing issues, delayed or poor support from the lender can increase frustration.
Escalate concerns through proper channels if help is not received promptly.
Being aware of these common issues can help you act quickly and ensure accurate tracking of your LAS payment status.
Tips to ensure timely loan payments
Timely repayment of your Loan Against Securities (LAS) is crucial for maintaining a good credit score, avoiding penalties, and ensuring a stress-free financial journey. Here are some practical tips to help you stay on track with your loan payments:Set up auto-debit instructions
Automate your EMIs by enabling auto-debit from your linked bank account.
This ensures that your payments are deducted on time every month without manual intervention.
Choose a suitable emi date
Align your EMI due date with your salary credit date or income cycle.
This helps maintain sufficient balance and prevents missed payments.
Maintain a buffer balance
Keep a buffer amount in your account to avoid EMI bounce due to low balance.
It also cushions you against unexpected expenses.
Use a loan management dashboard
Regularly log in to your lender’s online portal to monitor EMI schedules and outstanding amounts.
You can check loan details easily through a self-service dashboard.
Review your EMI statements monthly
Go through your loan statement to track payment history and detect discrepancies.
This also helps verify if all payments are being processed correctly.
Enable payment reminders
Set reminders on your phone, calendar, or email a few days before the due date.
Some banking apps also allow you to schedule automated alerts.
Avoid relying solely on notifications
SMS and email alerts can be delayed or missed.
Always double-check payment status manually to ensure everything is on track.
Plan for EMI during budgeting
Always include EMI amounts as a fixed expense in your monthly budget.
This prioritisation helps in managing other expenses more efficiently.
Stay informed during financial changes
If you’re facing financial strain, contact your lender early to explore restructuring or deferral options.
Being proactive helps prevent loan defaults.
Maintain updated contact information
Keep your phone number and email ID updated with your lender.
This ensures you receive timely updates and important alerts related to your loan.
By following these tips, you can stay consistent with your repayments, protect your credit profile, and enjoy hassle-free loan servicing.
