How to Check and Download your Personal Loan Statement?

Keeping track of your loan repayments is essential for maintaining financial discipline. A personal loan statement provides a detailed summary of your outstanding balance, EMIs paid, due dates, interest charges, and more. You can easily check and download your personal loan statement online through your lender’s website or mobile app by logging into your loan account. This helps you stay on top of your payments, avoid penalties, and plan your finances better. Whether for record-keeping, tax filing, downloading your loan statement regularly is a smart financial habit.

What is a Personal Loan Statement?

A personal loan statement is an official document provided by your lender that outlines the details of your personal loan. It includes information such as the loan amount, interest rate, EMI schedule, outstanding balance, payment history, and due dates. This statement helps borrowers track their repayments, understand how much they owe, and manage their finances effectively. It can be accessed monthly or on request through the lender’s website, app, or customer service. Regularly reviewing your personal loan statement ensures transparency and keeps you informed about your financial obligations

How to Check Your Personal Loan Statement Online?

Checking your personal loan statement online is a quick and convenient way to stay on top of your loan details. Whether you want to track your EMI payments, view your outstanding balance, or download records for tax or budgeting purposes, accessing your personal loan statement online puts all the information at your fingertips—anytime, anywhere. Here’s how you can check it in just a few simple steps.

1) Through Email

You will receive your statement over your registered email ID a few days before your repayment due date. The statement will contain all the information about the loan you have taken including the upcoming EMI amount, repayment due date etc.

2) Inside the App

You can even view your statement inside the Zype app whenever you want. Just open the My Zype section inside the app and go to “monthly statement”. Enter the month for statement you want and then you can either download the statement or receive it over your registered mail.

3) Contact the Support Team

In case you have any queries regarding your loan statement, you can always contact the support team at support@getzype.com

Also Read: Personal Loan Disbursement Process – How it Works?

How to Download Loan Statement?

• Visit the official website or mobile app of your lender.
• Log in using your registered user ID and password.
• Go to the ‘Loans’ or ‘Loan Accounts’ section.
• Select the specific loan account you need the statement for.
• Click on ‘View Statement’ or ‘Download Statement’.
• Choose the desired date range for the statement.
• Download the statement in PDF or Excel format.

Benefits of Checking your Personal Loan Statement

Checking your loan statement can help you with your finances in these numerous ways:

Transparency About Your Personal Loan and Charges

Going through your statement regularly will give you transparency about the money you borrow. You will have a clear understanding of your loan terms, interest rate charged, processing fees, etc.

You will Always Make on-Time Payments

Paying your EMIs on time increases your loan eligibility and helps you avoid any kind of negative consequences of missed repayments. Checking your statement will ensure you stay on top of your repayments and don’t miss a single EMI.

You Can Check for Any Inconsistencies

If you find any incorrect information about the money you borrow, you can inform your lender about the same and avoid any kind of damage to your credit profile.

Where Can You Get Your Personal Loan Statement?

How you receive your statement depends on the lender you choose. Based on that, this is where you can get your personal loan statement:

1) Online Statement on Registered Contact Details

Based on the provided contact information, lenders send the loan statement over an email, SMS, or any other communication channel.

2) Physical Copy of Your Statement

You can also get an option to receive a physical copy of your statement. Depending on your lender, you might receive the statement to your registered address, or you might have to visit the nearest branch of the lender.

3) Download From the App

If you’re taking a personal loan online through a net banking app or loan app, you can access your loan statement at any point inside the app.

4) Contact Customer Support

If you don’t receive your loan statement or have any queries regarding the same, you can always get in touch with someone from the support team.

Also Read: Get Personal Loan App On Your Mobile Phone

The Role of the Personal Loan Statement in Tax Filing

Depending on the type of personal loan you take, you can claim the tax benefits on them when you file your returns. Here are 3 scenarios in which you can avail it:

1) When you take a personal loan and use it for purchasing, renovating, or renting a housing property. (Section 24(b) of Income Tax Act, 1961)

2) When you invest your personal loan in business (Under Section 37(1))

3) When you invest your personal loans in other assets like jewelry, shares, etc.

But before you try to claim these deductions, it’s important to contact your CA or a financial advisor who can confirm if you’re eligible for the same.

To claim these tax benefits, you have to keep relevant documentation handy. Your personal loan statement is one of these important documents that make it possible for you to enjoy these tax benefits.

Conclusion

Your personal loan statement is a very important and helpful document that gives you all the information about the money you borrow.

Make sure you track your statement throughout your repayment tenure for a smooth personal loan experience.