Published on Aug 25, 2020Updated on May 26, 2026
LAN or Loan Account Number is a 14 or 15-digit unique identifier which is assigned to a borrower’s loan account by the lender when they disburse a loan. The loan statement displays the Loan Account Number. In case a single borrower has multiple loans from the same provider, each loan account has its unique Loan Account Number.
Therefore, you will have different unique LANs if you have a home loan and a personal loan issued from the same lending institution. A Loan Account Number enables the lender to keep track of your loans for regular updation.
A Loan Account Number is a special code allocated by a financial institution to a specific loan account. Acting as a unique identifier, this number helps separate an individual borrower's account from all others within the institution's system.
With a combination of letters and numbers, this code simplifies loan administration by accurately monitoring payments, balances, and account specifics. This Loan Account Number is primarily used when communicating with the lender, making payments, or accessing account-specific details. The Loan Account Number is crucial in effectively organising and managing loan transactions, ensuring clarity and productivity in maintaining records, and facilitating smooth communication between the borrower and the lending institution.
Here are the ways in which you can find out your Loan Account Number:
It can become challenging to keep track of your loan account in addition to managing daily tasks. In such cases, a Loan Account Number is a useful tool to maintain an account of the status of your loan along with the due EMIs to be paid.
This tool enables borrowers to easily monitor their loan progress, ensure timely payments, and access account information. It also allows lenders to accurately track individual loan accounts, making record-keeping more precise. Furthermore, the Loan Account Number is essential for resolving concerns and updating personal details related to the loan. By facilitating communication, it helps improve efficient loan management for both borrowers and lenders.
Regardless of your purpose for reaching out to us, our team will require your unique LAN to communicate effectively. Having a Loan Account Number serves a variety of purposes for the borrower. Some of them are listed as follows:
Our rural customers are issued 14-digit Loan Account Numbers, whereas our remaining customers are issued 15-digit Loan Account Numbers. Some of our customers who may have borrowed funds under BNPL product from one of our digital partners may be issued 17 digit loan account numbers.
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In case you are not able to access your loan statement, then one or more of the following may be applicable to you. Please read through these to understand how to retrieve your LAN in any of these situations.
For borrowers, the Loan Account Number is a valuable tool for monitoring their loan progress, making timely payments, and accessing vital information. Lenders benefit from the precision a Loan Account Number brings to record-keeping and resolving concerns efficiently.
As you navigate the intricacies of loan management, consider the streamlined process offered by SMFG India Credit for personal loans. Take the next step in securing your financial goals by applying for a personal loan with SMFG India Credit today.
* Please note that this article is for your knowledge only. Loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG India Credit's policy at the time of loan application. If you wish to know more about our products and services, please contact us
It is possible to get your loan number by checking the lending institution’s online portal, your loan statement or by contacting customer service.
Your bank account and the loan account number are two different entities. The loan account number is associated with your specific loan, whereas a bank account number is associated with your savings account.
A LAN is typically made up of 14 to 15 digits.
Once your loan is fully paid off, your lender will retain your Loan Account Number (LAN) for administrative, auditing, and regulatory purposes. Your LAN serves as a record of the closure of your loan account. Keep your LAN for future reference, as it could prove beneficial in cases where you need to provide evidence of your repayment record or address any inquiries regarding your past loan.
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