Summary Personal Loan Settlement is a process in which negotiations occur between the borrower and the bank to close the loan by paying a part of the outstanding loan amount. This is done when a person is unable to pay his EMI on time, and the loan becomes an NPA (Non-Performing Asset). However, a loan […]
How to negotiate with the bank for a Personal Loan Settlement? 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 »
Summary Personal Loan Settlement is a process in which a bank or financial institution allows a person to settle the loan by paying a lesser amount instead of the entire outstanding amount. This facility is for those people who are unable to repay their loan on time due to some reason and are continuously defaulting.
What is Personal Loan Settlement, and how is it done? Read More »
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