Missing loan repayments is stressful, and the calls and notices that follow can make it feel like there is no way out. There is usually more room to act than people think, but only if you understand which stage your loan is at. We review your loan documents and notices, explain where you stand, and guide you toward a sensible next step.
Situations where we can help
- EMIs missed and lender calls have started
- Your loan has been classified as a non-performing asset (NPA)
- You received a demand notice or a recall notice
- A SARFAESI notice has arrived for a secured loan such as a home or property loan
- You have received a summons or a recovery suit
How Secure Settle helps with loan default legal support
- Review your loan agreement, statement of account and every notice received
- Explain the stage of default and what the lender can and cannot do at that stage
- Guide you on options such as restructuring, a revised repayment plan, or a negotiated settlement
- Help you prepare a clear written reply to the lender
- Connect you with an experienced advocate if the matter moves to a court or tribunal
What to do right now
- Do not ignore notices. Every notice carries a deadline.
- Ask the lender for an updated statement of account and keep all letters, emails and call details.
- Avoid taking a fresh high-interest loan just to clear an old one.
- Never sign blank papers or documents you have not read.
Frequently asked questions
Lenders usually send reminders first. If the account stays overdue for 90 days, banks generally classify it as an NPA and may issue a formal demand notice. For secured loans, the lender can proceed under the SARFAESI Act after giving notice. Your credit score is also affected from the first missed payment.
A personal loan or credit card dues are unsecured, so the lender cannot directly seize your property. It can send notices, negotiate, or file a civil recovery case. Secured loans, such as a home loan, work differently and allow action on the pledged asset after notice.
Many lenders do agree to a one-time settlement in genuine hardship cases, but the amount depends on the lender, the loan type and your circumstances. No one can promise a specific discount. Always get the settlement terms in writing.
This page is general information and not legal advice. Outcomes depend on the facts of each case and cannot be guaranteed.