How to Check Loan Account Number 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

Key Features of a Loan Account Number

Every loan issued by a financial institution is assigned a loan account number, a unique identifier that helps borrowers and lenders track loan details efficiently. It simplifies loan management by allowing easy access to repayment schedules, outstanding balances, and transaction history.

Key Features:
● Unique Identification – Each loan has a distinct loan number for easy tracking.
● Essential for Transactions – Required for EMI payments, queries, and account access.
● Tracks Repayments – Helps monitor paid and pending installments.
● Facilitates Online Access – Enables digital loan management through banking portals.
● Verification Tool – Used for loan-related authentication.
● Prevents Confusion – Differentiates multiple loans under the same borrower.
● Linked to Loan Details – Provides quick access to loan tenure, interest rates, and principal amount.
● Required for Customer Support – Necessary for resolving loan-related queries.
● Accessible via Multiple Channels – Available through bank statements, mobile apps, and emails.
● Helps in Loan Closure – Essential for loan foreclosure and obtaining NOC.

Importance of 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 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.

Why LAN is 15 Digit Number

LAN (Loan Account Number) is typically a 15-digit number for several reasons. Firstly, it provides enough combinations to uniquely identify individual loans within a financial institution. Secondly, the length ensures compatibility with existing systems and standards, facilitating efficient record-keeping and communication between borrowers and lenders.

Different Types of Loan Account Number

Loan account numbers vary in format and structure based on institution preferences and industry standards.

• Sequential Numbers: These are sequentially generated numbers assigned to each loan account, starting from a predefined initial value.
• Alphanumeric Codes: Loan account numbers consisting of a combination of letters and numbers, often designed for easier memorization or identification.
• Customer Identification Numbers: Some institutions use a portion of the customer's identification number or other personal details as part of the loan account number.
• System-Generated Codes: Unique identifiers automatically generated by the institution's system based on predefined algorithms or rules.
• Customized Codes: Loan account numbers customized according to specific criteria or preferences of the institution or customer, such as incorporating certain patterns or symbols.
• External Reference Numbers: Loan account numbers assigned by external entities or systems, such as government agencies or third-party service providers, for specific types of loans or programs.

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 easiest way to find your loan account number (LAN) is by checking your credit report. This report provides a comprehensive record of all your past and active credit accounts, including loan details and account numbers.
There are four major credit bureaus in India, each offering one free credit report annually. Regularly reviewing your credit report is crucial for tracking your financial health, planning better, and spotting any errors that need correction. Every loan in your report includes its details, making it a reliable source to find your LAN. Simply locate the loan in question, check the associated details, and note the account number for future reference.

2. Check Your Loan Statement

Once your loan is approved and you begin making monthly payments, we provide a monthly loan statement detailing essential information such as the sanctioned loan amount, interest rate, payments made, and outstanding balance.

This statement also includes your loan account number (LAN)—a unique identifier assigned to every borrower. Your LAN is crucial for future communication, payment tracking, or any clarifications regarding your loan. To find it, simply check the loan statement issued at the time of approval. Additionally, you can refer to any emails or letters we've sent, as they also contain your loan account number for easy reference.

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 Office

Find your nearest 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 office will complete the verification process and provide you with a unique loan number.

Tips to Manage Loan Account Number

Manage your loan account number securely by maintaining the below focus things.

• Keep it Secure: Treat your loan account number like sensitive financial information and store it securely.
• Memorize or Record: Memorize your loan account number or keep a record in a secure location for easy reference.
• Avoid Sharing: Avoid sharing your loan account number unless necessary and only with trusted parties or institutions.
• Update Contact Information: Keep your contact information updated with the lender to ensure smooth communication regarding your loan account.
• Regularly Monitor: Regularly monitor your loan account activity for any discrepancies or unauthorized transactions.
• Notify Changes: Notify your lender immediately of any changes in personal details or contact information to prevent disruptions in loan account management.

When You Can Get the Loan Account Number?

Your loan account number (LAN) is provided as soon as your loan is approved. This unique identifier helps you track and manage your loan effortlessly. Lenders share this information through email, physical mail, or directly via a representative during the loan process.

Keeping your LAN safe and accessible is essential, as you'll need it for repayments, inquiries, and future transactions related to your loan. If you ever misplace it, you can always retrieve it from your loan statement, credit report, or lender’s customer service.

Steps to Apply for Personal Loan Online?

Step 1. Visit Hero FinCorp's official website or download the personal loan app.

Step 2. Select the 'Apply Now' option.

Step 3. Input your mobile number and confirm the OTP sent to the provided mobile number.

Step 4. Indicate the desired loan amount.

Step 5. Validate your KYC details to assess income eligibility.

Step 6. Press 'Submit' to finalize your application.

Frequently Asked Questions

How Can You Get My Loan Account Number?
You can find your loan account number (LAN) in your loan statement, credit report, bank portal, loan approval documents, or customer emails.
Is a LAN the Same for All Loans?
No, each loan has a unique LAN, even if borrowed from the same lender, to help differentiate and track loan details separately.
What Should You Do If You Can’t Find Your LAN in Your Loan Statement?
Check your emails, credit report, online banking portal, or contact your lender’s customer support to retrieve your loan account number.
Will I Receive My LAN Immediately After Loan Approval?
Yes, your LAN is generated at approval and is included in the sanction letter, loan agreement, and lender’s confirmation email.
How Many Numbers Are in a Loan Account Number?
A loan account number typically contains 10-16 digits, depending on the lender’s format, to ensure the unique identification of each loan.
 

Conclusion

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.