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Missed EMIs? Let's close the loan on better terms — and clean up your report.

Overdue EMIs keep hurting your CIBIL every month they stay unpaid. We negotiate with your lender to waive penal interest and late fees, help you clear what's due, and close the loan so it's reported the right way. Settlement is our last resort, not the first.

Talk to a counsellor

Works for personal loans, credit cards, app loansEvery offer in writing before you pay

Three ways to close it — from best to last resort

What your report says at the end matters as much as what you pay. Here's how the options compare.

Best for CIBIL

Clear overdues, then foreclose

Pay the EMIs that are due — typically up to 3 — so your account is regular again. Then close the remaining loan in one go. We negotiate the penal interest, bounce charges and late fees down before you pay.

Report shows: "Closed"
You pay: Overdues + remaining principal, minus what we get waived
Best when: You can arrange the funds now or within a few weeks

Good

Regularise and keep paying

Clear the overdue EMIs and continue the loan as normal. The account goes back to "current" and stops collecting new days-past-due.

Report shows: Active, now regular
You pay: Overdue EMIs + negotiated charges
Best when: You can manage the EMI going forward

Last resort

Settlement

If you genuinely can't repay in full, we negotiate a one-time amount lower than what you owe. It stops the damage, but the account is reported as "Settled".

Report shows: "Settled"
You pay: A negotiated lump sum or short plan
Best when: Real hardship: job loss, illness, business shutdown

Why "Closed" beats "Settled"

Both end the loan. Lenders read them very differently.

	Closed (paid in full / foreclosed)	Settled
What it tells a lender	You repaid everything you owed	The lender accepted less than you owed
Effect on future loans	Neutral to positive	Often triggers questions or rejection, especially for home loans
Overdue history	Past late months stay, but stop growing	Past late months stay, plus the settled tag
Can it be upgraded later?	Already the best status	Sometimes — pay the waived amount and ask the lender to report "Closed"

Already settled a loan? It may not be final.

Many lenders will update a settled account to "Closed" if you pay the amount they waived. We find out what your lender will accept, get it in writing, and follow up until your CIBIL report shows the change.

Get the shortfall in writingThe exact amount the lender needs to report "Closed".

Pay only to the lender's official accountNever in cash, never to an agent's personal account.

Collect your NOCYour proof that nothing more is due.

Check your report afterwardsIf it still says "Settled", raise a dispute with the bureau, NOC attached.

How it works

You stay in control. Nothing is paid until you've seen the offer in writing.

Check your report

Create your account and we pull your CIBIL to see every overdue account.

Pick your route

Foreclose, regularise or settle — we show what each costs and what your report will say.

We negotiate

We talk to the lender for waivers on penal interest and charges, and get the final offer in writing.

Close & verify

You pay the lender directly, collect the NOC, and we track your report until it updates.

Questions

Will foreclosure charges eat into my savings?

For floating-rate loans taken for personal (non-business) use and sanctioned or renewed on or after 1 January 2026, RBI rules don't allow lenders to charge you for paying early. Most personal loans are fixed-rate, though, and those may carry a charge set out in your loan agreement and Key Facts Statement. We check your documents and factor it in before you decide.

Why clear the overdue EMIs before foreclosing?

Every month an EMI stays unpaid adds to the days-past-due on your report. Bringing the account current first stops that, and gives us a stronger position to negotiate penalties down on the final payoff.

How much can you get waived?

It depends on the lender, how overdue the account is, and your circumstances. Penal interest, bounce charges and late fees are usually where the room is. We don't promise a number before we've seen your loan.

Will settlement hurt my CIBIL?

Yes. A settled account tells lenders they took a loss, and many will hesitate to lend to you for a while. That's why we treat it as a last resort, and why we try to upgrade settled accounts to "Closed" later.

Settlement & foreclosure

See what closing your loans could do for your score.

Create a free account to check your CIBIL and get a written closure plan. 1800-XXX-XXXX