23,000+borrowers helped across India
When a term loan, OD or CC limit stops being serviceable, we negotiate a One-Time Settlement built on what your business can actually pay.
23,000+
borrowers helped
Legal experts
not recovery agents
RBI rules
Fair Practices Code
In writing
every offer on record
Account turns irregular
Classified as NPA
Penal charges add up
Demand notice
SARFAESI notice on security
Pressure on guarantors
You don't have to face this alone.
Talk to a legal expertHow it works
You approve every decision. Nothing is paid or agreed without your go-ahead.
Share your loan details. A legal expert reads your agreement and statement and tells you honestly whether settlement makes sense.
You get the strategy, the realistic range and our fee in writing before any work starts.
We put a One-Time Settlement proposal to your lender and handle every counter-offer on record.
Nothing is accepted without you. The settlement amount goes directly to the lender's official account, never to us or an agent.
We check the settlement letter and No-Dues Certificate, and follow up until your credit report shows the account closed.
The end result
Settlement letter on the lender's letterhead
The agreed amount, due date and account number, in writing, before you pay.
Payment to the lender, not to us
You pay the lender's official account, and you get a receipt for every payment.
No-Dues Certificate and credit report update
We follow up until the NOC is issued and the bureau shows the account closed.
Is it right for you
If one or more of these sounds like you, a free case review will tell you where you stand. No obligation.
The service
In short: Business loan settlement is a one-time compromise in which the lender accepts less than the full outstanding to close a term loan, overdraft, cash credit or MSME facility. For secured loans, the settlement letter must also cover the release of your property or other security.
Business loan settlement works on a different footing from a personal loan. The account may be secured against stock, receivables, or property, there may be a personal guarantee attached, and once it is classified as non-performing the lender has formal recovery routes available, including the Debt Recovery Tribunal and Lok Adalat settlement camps.
Legal Savvy reviews the sanction letter, the security documents, and the guarantee position first, then builds a One-Time Settlement proposal around what the business can actually pay. Where a matter is already before a tribunal or listed for a Lok Adalat sitting, we prepare the file and appear alongside you.
Don't have them all? Start anyway. We'll help you get copies from the lender.
What we will always do, and what we will never ask of you.
Calls after 7 pm, threats, calls to your family. RBI rules forbid all of it. We document it and make the lender answer for it.
Stop the harassment
Why use legal experts
Who deals with the lender
You, alone, on every call
Your legal expert, in writing
Settlement offers
Verbal promises that can change
On the lender's letterhead
Recovery pressure
Calls you handle yourself
Conduct checked against RBI rules
Legal notices
Unclear what to reply
Drafted replies within the deadline
Closure
NOC often missed
Settlement letter and NOC checked
Can an MSME loan be settled through a One-Time Settlement?
What is a SARFAESI notice under Section 13(2)?
Can the bank take my property if my business loan defaults?
Does a business loan settlement release my personal guarantee?
How does business loan settlement affect CIBIL?
Free case review
About 2 minutes · Private · Free, no obligation
Unsecured loansIf your personal loan EMIs have stopped being affordable, Legal Savvy negotiates a One-Time Settlement with your lender under the RBI Fair Practices Code. Every offer is confirmed in writing before you pay anything.
NBFC loansNBFCs follow their own RBI Fair Practices Code, separate from the one that binds banks. Legal Savvy negotiates settlements with NBFC lenders and holds their recovery conduct to those rules.
Credit cardsCredit card dues grow faster than any other unsecured borrowing. Legal Savvy negotiates a settlement directly with your card issuer and insists on a written settlement letter before any payment is made.
Your rightsRecovery agents work under binding RBI conduct rules on calling hours, language, and who they are allowed to contact. Legal Savvy helps you document breaches and take them to the right forum.
Digital lendingNot every lending app operates within the RBI digital lending rules. Legal Savvy checks who actually holds your loan, then negotiates a settlement with the regulated entity behind the app.
