Arpee Associates Pvt. Ltd.
IP CA Rajnish Bansal
![IP CA Rajnish Bansal]()
IP CA Rajnish Bansal
Insolvency professional, Forensic auditor, System auditor, Loan syndication. CA, DISA, CISA (USA), CCA, IP
One Time Settlement With Banks
- If you've taken a loan for a certain tenure but are unable to repay it, you can approach your bank and inform them about it. In such cases, banks offer 'one-time settlement' (OTS).
- Banks offer the option of one-time loan settlements to those who face financial difficulties for various reasons.
How do one-time loan settlements work?
If you opt for a one-time loan settlement, you will have to pay a part of the overall amount due.Loan settlements are also done in case there are disputes between lenders and borrowers.
Alternative of One Time Settlement
- Ask your lender for more time
- Liquidate your assets
- Ask your lender to restructure the loan
- Interest-free loans from relatives etc..
CONNECT WITH US
Address :
Email: [email protected]
Mobile 1 : 9999937005
Mobile 2 : 9899400108