Blogs
One Time Settlement funding is a type of new finance facility stipulated only for taking over the NPA debt liability of a borrower settled under a one-time settlement scheme toward mutual benefits of both borrower & banks/nbfc. Through npa funding, the borrower gets relief from all the financial & legal litigations with the bank and […]
IntroductionDealing with bad debts can be problematic, both financially and emotionally. In such situations, a loan for one-time settlement can serve as a powerful tool to regain control over your finances. This type of loan provides the means to make a lump sum payment and settle outstanding bad debts, offering a fresh start and a […]
If you want to borrow a construction loan, a bad credit score can hit you badly. It is not simple and easy to obtain any loan because of the rules and terms related to the lending. But, it does not mean that you need to put your construction project on hold by pledging collateral you […]
An NPA account can be recovered by paying the full amount outstanding in the NPA account through various resources like NPA restructuring, One-Time Settlement & selling the collaterals to completely close the account offers the recovery of an NPA account as an NPA account hinders the financial progress of the business. Today we are going […]
When a borrower fails to repay EMIs of a loan for a minimum of 3 months, then banks classify such accounts as NPA(Non-Performing Asset). In such conditions, the borrower will become a defaulter and banks try to recover the whole loan amount in a single go. But mostly at that time, the borrower was already […]