What Is Loan Settlement?
Settlement generally involves a lender agreeing to accept an agreed amount toward resolution of outstanding dues. The amount and terms are determined through the lender's process and are not guaranteed.
What Is Loan Restructuring?
Restructuring generally involves changing certain repayment terms of an existing loan. Depending on lender policy and circumstances, this could involve changes to repayment schedules, tenure or other terms.
Which Option Applies to a Borrower?
There is no single option suitable for every borrower. Repayment capacity, account status, lender policy and the borrower's circumstances can all be relevant.
Any proposal should be reviewed carefully, including repayment obligations and possible credit implications.
Need Structured Borrower Assistance?
Learn more about the relevant SettleMyDue assistance service or share your repayment situation for an initial review. Lender outcomes are not guaranteed and remain subject to the lender's decision and applicable policies.