23,000+borrowers helped across India
NBFCs follow RBI rules too. We check your charges against the sanction letter, stop unlawful recovery and settle your NBFC loan in writing.
23,000+
borrowers helped
Legal experts
not recovery agents
RBI rules
Fair Practices Code
In writing
every offer on record
Missed EMIs
Penal interest piles up
CIBIL score drops
Recovery calls begin
Legal notice arrives
Stress at home and work
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: NBFC loan settlement is a one-time agreement with a non-banking financial company, such as Bajaj Finance or Tata Capital, to close a loan for less than the full outstanding. NBFCs are regulated by the RBI and must follow its Fair Practices Code and recovery rules, just like banks.
An NBFC loan is not a bank loan, and the rulebook is not identical. NBFCs are governed by the RBI Fair Practices Code for NBFCs, which sets out how loan terms must be communicated, how interest and penal charges are to be applied, and how recovery may be conducted. NBFC lending also tends to carry shorter tenures and higher rates than comparable bank credit, so an account can turn overdue quickly.
Legal Savvy reads the loan agreement against the applicable code, checks whether the charges applied to your account match what was disclosed at sanction, and negotiates a settlement with the NBFC on that basis. Where recovery conduct has fallen outside the code, that becomes part of the negotiation rather than a separate fight.
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 I settle a loan with an NBFC like Bajaj Finance?
Are NBFC recovery agents bound by RBI rules?
How do I complain against an NBFC?
Why is my NBFC loan outstanding higher than what I borrowed?
How does an NBFC settlement show on my CIBIL report?
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.
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.
Business loansWhen a term loan, working capital line, or MSME facility stops being serviceable, Legal Savvy negotiates a One-Time Settlement with your lender and represents your side of the file if the account moves to recovery.
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.
