Can I restructure and then settle?

Answer

A:

Loan Restructuring

What it means:
Loan restructuring involves modifying the loan’s terms to help you repay more comfortably. This could include:

• Extending the loan tenure

• Reducing the EMI temporarily

• Offering a moratorium or changing the interest rate

Purpose:
To give you temporary relief so you can eventually repay the full loan amount.

---

Loan Settlement

 What it means:
Loan settlement means you and the bank agree to close the loan by paying a reduced amount. This helps the bank recover some of the funds while relieving you of the remaining burden.

Impact:

• The loan is marked “settled” on your credit report, which can affect future borrowing.

• It’s usually a last resort after restructuring hasn’t helped.

---

Can you restructure and then settle?

Yes—you can first restructure to reduce the EMI burden, and if that doesn’t work, then explore settlement as a final option.

Process:
Start by restructuring your loan with the bank.
If challenges continue, negotiate a one-time settlement.

---

How Legals365 and Advocate B.K. Singh Can Help

At Legals365, led by Advocate B.K. Singh, we:

 Analyze your financial situation and find the best approach for you.
Negotiate with your bank to ensure fair restructuring or settlement terms.
Draft and review all agreements to protect your rights.
Offer clear advice on the legal and financial impacts of your choices.

---

Client Reviews

Ravi S.
"Legals365 and Advocate B.K. Singh handled my loan restructuring with utmost professionalism. They explained every step clearly and helped me get back on track without any confusion!"

Neha M.
"I was overwhelmed with debt and constant calls from the bank. Legals365 guided me through restructuring and eventually settled my home loan smoothly. Highly recommended!"

---

Learn more and get the expert support you deserve:
Visit: www.legals365.com
Call: +91 9625961599

Questions? Advocate B.K. Singh and the team are here to support you!

.