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