Loan settlement is a process where the borrower negotiates with the lender to pay off the outstanding loan balance for less than the total owed.
We Deal in unsecured loans, such as credit card loans, personal loans, consumer loans & business loans are settled with the aid of LoanMukt.
Settling the loan may vary on your savings but usually, it takes an average time of 6 to 12 months.
You may continue to get calls from the bank or recovery agents. However, do note that they are bound to follow certain code of conduct as laid down by RBI and Supreme Court of India. You can redirect the calls to our team and our legal team will handle the communication as per the laid down guidelines and laws of the country.
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info@loanmukt.co.in
We help individuals in India escape debt traps, offering comprehensive support, advocating for consumer rights, and providing viable solutions.
Disclaimer : Loan settlement is at the sole discretion of the lenders, and only they have the authority to issue settlement letters. At Loan Mukt, we provide legal support and guidance, but we do not have the power to issue settlement letters. Please note that not all debts are eligible for loan settlement. Loan settlement should be considered only if you are in financial distress and unable to meet your loan EMI obligations.
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