What is Loan Account Number? How to Check It LAN Online?

With the financial sector digitising to a great extent, it has become extremely easy to find, apply for, and access loans online. The digital process allows us to expedite the loan processing and let you, as a borrower, enjoy convenience while seeking the funds you need. However, these benefits are not limited to loan application and acquisition but extend to financial management. Once you apply for a loan online and get it approved, tracking the instalments to pay and already paid is crucial. If you have multiple active loan accounts, tracking them can become complicated and confusing.

We at Hero FinCorp, allow our customers to manage loans online anywhere, anytime. That is when a loan account number (LAN) is necessary to reduce the complexity. Similarly, we need this unique number to track the loans we have issued. So, LAN is essential for all parties involved in a credit transaction. 
In this article, we will discuss what is loan account number and how to check it online.
 

What is Loan Account Number?

A Loan account number or LAN is a unique series of digits we assign to each loan account we approve. That means every loan issued in India has this unique number assigned to it. If you have multiple loans from other finance providers or us, each loan will have a different loan account number. You can track all your active loans using the LAN, which differs for each loan account.

Read More: When Should I get a Personal Loan
 

Why Do You Need a Loan Account Number?

Your LAN is crucial to successful loan management both online and offline. Therefore, checking the loan account number is essential to successfully manage the loan, check its status, pay EMIs, and several other purposes. Whether you want to crosscheck your loan information, seek assistance, or update some information, you will need your unique LAN to approach us. Our representatives will confirm this number before answering your query or offering a service. Knowing this number also avoids mistakes while processing or managing the loan.

Here are a few reasons why a loan account number is necessary:

• You will need your LAN while paying the loan EMIs so that the amount gets credited into the correct loan account. Whether you pay the EMI offline by visiting our branch office or online via e-wallet, debit card, or net banking, providing the correct LAN is mandatory for successful EMI payment.
• Providing the unique loan number is helpful whenever you need to raise a concern or require assistance regarding your loan facility. Our representatives will find it easier to answer your questions if you provide them with your loan account number.
• If you have changed your phone number, residential address, employment, or any other detail in the loan account, you must provide your LAN to make the necessary changes. Keeping the information updated is essential to avoid complications during loan closure.

 

How to Know Loan Account Number?

Wondering how to find loan account number if you don't know it already? Here are a few ways to access this unique number:
 

1. Request Your Credit Report

   The first place to check your loan account number is your credit report. It is a statement that includes details of all your past and active credit accounts, including the loan account numbers.
   India has four credit bureaus, and each bureau provides one credit report to the borrowers for free. Checking the credit report regularly is essential to track your financial standing and plan finances accordingly. It also helps identify errors in the report and correct them in time. Each listing in the credit report has the loan details, which you can check to know your LAN. Go through the credit report, identify the loan account you are concerned with, and note its account number.
    

2. Check Your Loan Statement

   We offer the lowest Personal Loan rates based on the applicant’s eligibility and repayment capacity. Once the loan is approved and a borrower starts making monthly payments, we issue a monthly loan statement that features the sanctioned loan amount, the interest rate, the amount paid, and the balance amount.
   Along with the loan details, this loan statement also has the loan account number, unique to every applicant, that applicants can use for further communication or clarification. If you want to check the loan account number, refer to this loan statement we generated at the time of loan approval. You may also refer to any previous emails or letters we sent you, which must include your account number.
    

3. Login to Our Website or Mobile App

   Login to our Herofincorp website or download our customer Loan app at to create an account to access your loan details. You will find your loan account number example at the top of your screen.
    

4. Call the Customer Service Department

   Call our toll-free customer service department at 1800 102 4145, speak to our representative, and ask about your LAN. They will ask a few questions to verify your credentials and give you your unique loan number. You can also start a Whatsapp chat at +91 9289386204 by sending ‘Hi’ and providing other details as asked by our chatbot. Apart from checking the LAN, you can also use these numbers for any other loan-related queries.
    

5. Visit Your Nearest Hero FinCorp Branch Office

   Find your nearest branch office and visit there to ask for your LAN. You will need to provide your loan details and PAN number to obtain the number you are looking for. The officer at the branch office will complete the verification process and provide you with a unique loan number.

The moment we approve your loan, we provide you with a unique loan account number. This number is the key to accessing loan details with the company and appears on your loan statement and other correspondence mediums. You will need to quote this number in all your queries with us so that our representatives can address your requests and questions immediately. For instance, if you borrowed a Personal Loan for 15000 salary from Hero FinCorp and want to pay its EMIs, you will need this number for easy online payment. After verifying your details against our records, we will send your Loan Account Number. However, if you forgot your LAN, please use the steps mentioned in this article to find it again.