Summary Loan settlement is an option offered by banks to those customers who are not able to pay EMIs for a long time and whose loan is declared as NPA (Non-Performing Asset). This process is applicable in cases where the bank feels that it will be difficult to recover the entire loan and proposes to […]
When does the bank offer loan settlement? Read More »
Summary If your loan settlement is declined, don’t get worried. There are numerous options in such a situation that can be appropriately negotiated to resolve the problem. First of all, you have to negotiate with the bank and give a clear picture of your financial situation. If the bank is not settled, there is an
What to do if the bank does not settle the loan? Read More »
Summary Loan Settlement is a process in which the bank and the borrower mutually agree to settle the outstanding loan amount by reducing it. It proves useful for those who are unable to repay the entire loan due to financial problems. If a borrower fails to pay EMI for 3 to 6 months continuously, the
What is the legal process of loan settlement? Read More »
संक्षेप लोन सेटलमेंट (Loan Settlement) एक ऐसी प्रक्रिया है जिसमें बैंक और उधारकर्ता (Borrower) आपसी सहमति से लोन की बकाया राशि को कम करके निपटाने का समझौता करते हैं। यह उन लोगों के लिए उपयोगी साबित होता है जो आर्थिक समस्याओं के कारण पूरा लोन चुकाने में असमर्थ होते हैं। अगर कोई उधारकर्ता लगातार 3
Loan Settlement का Legal Process क्या होता है? Read More »
Summary Loan settlement has a direct impact on your CIBIL score, and it can harm your financial credibility. Whenever a person is unable to repay the full amount of the loan due to any reason, the bank gives him the option of settlement, in which some amount is waived, and on repaying the remaining amount,
How much impact does a loan settlement have on your CIBIL score? Read More »
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