RBI Guidelines for OneTime Settlement of Chronic NPAs up to Rs. 10 crore
- The revised guidelines apply to NPAs in the SME sector classified as doubtful or loss as of March 31, 2004.
- It also covers NPAs classified as sub-standard as of March 31, 2004, which later became doubtful or loss.
- These guidelines include cases under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, as well as cases pending before Courts/DRTs/BIFR, with consent decree from the respective authorities.
- Cases involving wilful default, fraud, and malfeasance are not covered.
How we help you ?
In India, the harsh reality is that defaulting on loan repayments often leads to relentless pursuit by recovery agents, making life unbearable for individuals. This unfortunate situation persists, despite several Supreme Court judgments that condemn the use of strong-arm tactics in debt recovery.
At PersonalLoanSettlement.com, we aim to change this unjust scenario. We understand the struggles and hardships faced by individuals in India when dealing with overwhelming debt. Our team firmly believe that everyone deserves a chance to rebuild their lives, free from the constant stress and burden of unpaid loans. Also, We follow RBI Guidelines for One Time Settlement.
We strive to bridge the gap and stand on the side of the hapless consumer. We advocate for fair debt settlement practices, ensuring that individuals facing financial challenges receive the support they need. Through our platform, we provide information, resources, and personalized guidance to help individuals navigate their way out of debt and towards a brighter future.
Loan Settlement is not widely known in India. This means that individuals facing financial challenges and unable to repay their loans due to circumstances beyond their control—such as job losses or medical emergencies—are left without adequate support. They find themselves trapped in a system where no one stands up for their rights.
We believe in the power of empathy and understanding. Our team comprises professionals who empathize with the struggles of those facing debt issues. Let’s make your loan settle as early as possible.