Service
Personal Loan Settlement
Reduce your EMIs and close your loan account permanently
If you're struggling to pay your personal loan EMIs due to job loss, medical emergencies, or business losses, Debtrix can help you negotiate a settlement with your lender.
We work directly with banks to secure the best possible waiver percentage, ensuring you pay only what you can afford.
Is this you?
What you get
Reduce total outstanding by up to 60%
Stop recovery agent calls
One-time settlement closes the loan permanently
Protect your CIBIL score with proper closure
Process
What happens, in order
- 1
Free Assessment
We evaluate your case and provide a clear settlement strategy.
- 2
Document Collection
Submit required documents through our secure vault.
- 3
Negotiation
Our experts negotiate with your lender for maximum waiver.
- 4
Settlement
Sign the settlement agreement and pay the reduced amount.
Related
Bank settlement guides
FAQ
Personal Loan Settlement — questions
Will settlement affect my credit score?
A settled loan is marked as 'Settled' rather than 'Closed' on your CIBIL report, which may impact your score for up to 3 years.
Can the bank refuse a settlement?
Banks have discretion, but RBI guidelines encourage settlement for overdues exceeding 12 months.
How long does the process take?
Typically 30-90 days from document submission to settlement letter issuance.
Is the ₹3,000 onboarding fee refundable?
Fees are quoted before you sign. Please review the fee agreement for refund policy.
Will I get a no-objection certificate?
Yes, the bank issues a No Objection Certificate after full payment of the settled amount.