Open Hands

Struggling to pay your Poonawalla Fincorp personal loan? You can explore the option of settling it for financial relief.

Open Hands

Loan settlement involves paying a lump sum amount less than the outstanding loan balance to close the loan.

Open Hands

Contact your lender, negotiate the settlement amount, make the payment, and obtain a No Objection Certificate (NOC).

Open Hands

Required documents include your loan details, valid ID proof, income statements, and a letter requesting settlement terms.

Open Hands

While loan settlement can relieve stress, it may negatively impact your credit score, so be cautious.

Open Hands
Open Hands

To improve your credit score after settlement, pay bills on time, keep credit card balances low, and monitor your CIBIL report.