Apply for Personal loan settlement
Loan settlement might be your way out. Here's how to apply and get back on track.
It's a deal with your lender to pay less than the full amount due—usually a lump sum.
What is loan settlement?
Loan settlement is usually for those facing genuine financial hardship or default risk.
Check if you're eligible
Contact your bank, explain your situation, and request a loan settlement offer in writing.
Reach out to your lender
Banks may not accept your first offer. Be honest, show documents, and push for the best deal.
Negotiate smartly
Once agreed, get the settlement terms officially documented. Keep records for future reference.
Get it in writing