Dot
HDB Personal Loan Settlement allows you to pay off your loan in one lump sum, offering financial relief without collateral.
Dot
Review your loan agreement and terms, then contact customer service. You can either pay the full balance or settle for less.
Dot
Loan settlement relieves you from monthly EMIs, avoids becoming a defaulter, and may save you money by paying a reduced amount.
Dot
Submit loan details, ID proof, address proof, and income documents. Write a formal letter to request settlement terms in writing.
Dot
Call your lender, negotiate a lump sum payment, and ensure all terms are documented. Request an NOC once you pay the amount.
Dot
Negotiate a lower settlement amount, ensure written terms, and make full payments on time. Improve your credit after settlement.
Read More