Summary In today’s time when taking a loan has become a common thing, then being unable to repay the loan is also becoming a common situation. In such a situation, many times the option of “Loan Settlement” comes up. As easy as this option looks, in reality it is a step that needs to be […]
Loan settlement lies or truth? How to find out Read More »
Summary Loan Settlement is an option that can be very useful for those who are not able to repay the loan amount on time. First of all, it is important to understand that settlement is a serious process, which should be done only through the bank. After this, when an unknown person offers you loan
How to identify loan settlement fraud? Read More »
Summary Loan settlement is an option that seems like a relief in times of financial crisis. However, on the other hand, it has many hidden charges that can prove to be costly for you if ignored. Therefore, it is very important to understand these hidden charges before loan settlement. First of all, you should read
How to understand the hidden charges of loan settlement? Read More »
Summary Taking a NOC (No Objection Certificate) post loan settlement is an important process that gets you to verify if you have paid your loan in full and owe the bank or financial institution any money. You should obtain the written settlement letter on loan settlement first, which confirms that you have settled the outstanding
How to get NOC after loan settlement? Read More »
Summary Occasionally, the borrowers also go through financial crises and cannot return their loans in terms of time. In this scenario, they can ask for a settlement of the loan from the bank, which is a compromise agreement where the borrower pays a lesser amount than the actual amount to settle the loan. But banks
How to get loan settlement done through Banking Ombudsman? Read More »
Summary Fraudulent loans that were approved are loans (Loan Settlement) borrowed in your name and details without your knowledge. It can negatively impact your credit history, financial standing, and state of peace of mind. However, if you respond quickly and follow the right course of action, you can shield yourself and put the situation right.
How to settle fraudulently sanctioned loans? Read More »
Summary It is very stressful to get harassed by the bank during repayment of a loan, but do not forget that you also have some legal rights. If, due to personal or financial reasons, you are unable to repay your loan, you can negotiate for the settlement of the loan. There are certain banks or
How to handle bank harassment during loan settlement? Read More »
Summary Loan settlement is a deal with your lender or bank to pay off part of the loan amount, usually because you cannot pay back the entire loan due to financial constraints. It is also referred to as loan settlement and can relieve you of your debt burden, but it has some risks associated with
How to settle bank loans and private loans? Read More »
Summary When a borrower does not repay a loan or credit card, it is because they are unable to pay the amount due, typically due to financial setbacks like loss of job, sickness, or personal issues. A Loan settlement is thus employed to clear the debt amount, where the lender accepts a lesser payment as
How does settlement happen after a loan and credit card default? Read More »
Summary By and large, loan settlement and EMI (Equated Monthly Installment) are both financial means to deal with debt, though in different situations. EMI is a systematic way of repayment of a loan in pre-established monthly installments over a period, along with interest as well as principal. It is a fix installment payment schedule made
EMI and Loan Settlement, which is better? Read More »
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