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Settle my loanLoan settlement,
made simple.
Struggling with loan repayments? CZI Global helps reduce your debt burden through RBI-compliant personal loan settlement services. Our experts negotiate directly with banks and NBFCs to secure affordable settlement terms, helping you move toward financial freedom with a legal and structured process.
What could your one-time settlement look like?
Indicative only, based on cases we have negotiated. Your actual figure depends on the lender, the age of the account and your documents. Excludes our professional fee, which is agreed before any work starts. A settled account is reported to the credit bureaus as “settled”.
Check if I qualifyWhat a one-time settlement actually is
In one sentence: the lender agrees, in writing, to accept less than the full outstanding amount and to close the account once you pay it. Everything else on this page follows from that sentence.
A letter, not a phone call
The bank or NBFC issues a settlement letter carrying the reduced figure, the deadline and your account number. Nothing is agreed until that letter exists, and you pay nothing before it does.
It applies to accounts already overdue
Lenders normally classify an account as non-performing at around 90 days past due. Before that there is very little to negotiate with — and we would rather tell you that than take a fee for trying.
The money goes to the lender
Settlement funds are paid by you, directly to the bank named on the letter. They never pass through us. Our fee is a separate, published amount, agreed before any work starts.
What actually happens, and how long it takes
The five steps on the home page, with the part usually left out: what is expected of you, and how long each stage really runs.
Free consultation
A confidential call to understand your lenders, your outstanding amount and the pressure you are under. No documents needed yet.
Your part: the loan account numbers and a rough figure. Nothing is signed on this call.
Case assessment
We read your statements and your credit report, then map a realistic route — settlement, restructuring, or neither. If it is neither, that is what the assessment says.
Your part: statements, the credit report and any notices or messages you have received.
Negotiation
Our specialists deal directly with the bank or NBFC, and take the recovery calls while they do. You approve the figure we aim for before we ask the lender for it.
Your part: almost nothing — tell us if your income or your lenders change.
Settlement letter
The reduced figure is put in writing by the lender, with a payment deadline, before a single rupee changes hands.
Your part: read it and decide. Nothing binds you until you do.
Closure & no-dues certificate
You pay the lender directly, collect the no-dues certificate, and we check that the account is reported as closed to the credit bureaus.
Your part: make the payment on time and keep the certificate. It is the document that ends the matter.
These are the timings we see across cases, not a commitment. A slow lender is slow, and we would rather say so now than at week six.
What a settlement costs you
Not the fee — that is on the price list. These are the four things people find out afterwards, and would rather have known first.
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01
Your credit report carries it for years
A settled account is reported to the bureaus as “settled”, not “closed”. It reads better than a defaulted account left open, and worse than one paid in full. Anyone promising to remove the entry is not telling you the truth.
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02
The waived amount may be taxable
An amount a lender writes off can be treated as income in your hands. We are not tax advisers; ask a chartered accountant what it means for your return before you sign anything.
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03
Recovery pressure stops when the lender agrees, not when you sign up with us
We take the calls in the meantime and put the communication on a formal footing. Where the conduct crosses what the RBI fair-practices code allows, we raise it — but nobody can switch it off on day one.
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04
There is no guarantee
Some lenders refuse, and some cases are better served by restructuring or by the insolvency route. If that is yours, we say so instead of selling you another round of negotiation.
Is settlement the right tool for you?
This is about your situation rather than your bank. The debts we do and do not take on are listed on the services page.
Worth a conversation
- The account is 90 days overdue or more.
- Your income dropped and the EMI no longer fits what you earn.
- You have a lump sum now, or can arrange one within two to three months.
- You want the account closed and finished rather than carried for years.
Settlement works best when there is one clear source of money and a lender that has already written the account off internally.
Probably not
- You are paying on time — a lender has no reason to concede, and restructuring is the better route.
- There is no lump sum available at any point, from any source.
- The debt is a home loan: it is secured on the property, so there is nothing to concede.
- You want the entry removed from your credit report. Settlement does not do that, and nothing legally does.
If this is your column, the assessment will say so — and point you at whatever is actually useful, at no charge.
Questions we get on the first call
Can I settle a loan I am still paying on time?
In practice, no. A lender has no reason to accept less on an account that is being serviced as agreed. What can be done is restructuring — a longer tenure, a lower monthly payment, or a temporary relief period. That is a different conversation, and we are happy to have it.
What if I do not have the lump sum today?
Some lenders accept two or three instalments inside a short window; most want the settlement in one payment. If the money is two or three months away — a maturing deposit, family, the sale of an asset — say so at the assessment. That is a normal starting point. If there is no money at any point, settlement is not the instrument, and we will tell you rather than enrol you.
Do I have to stop paying my EMIs for this to work?
No, and we will not advise you to. Stopping payments is your decision, with your own consequences for your credit report and your legal position. We work with the situation as it already is.
Can the lender still take legal action after a settlement?
Once the settlement letter is honoured and the no-dues certificate is issued, the account is closed and the claim on it is discharged. Until then, anything already filed continues. This is exactly why nothing should ever rest on a verbal assurance from a recovery agent.
What documents do you need from me?
Loan account numbers and statements, your latest credit report, ID and address proof, any notices or messages you have received, and an honest picture of your income. Nothing else at the start.
Find out where you stand
Seven short questions, under two minutes. You get an answer on the spot — including a straight no when settlement is not the right tool for your case.