Save Microfinance Private Limited is a well-established financial services company that specialises in offering a range of financial products aimed at empowering individuals and businesses to achieve their financial goals. With a focus on customer satisfaction and innovative solutions, Unigold Finance provides services such as personal loans, business loans, and wealth management.

Also, you can easily make your Save Microfinance Private Limited loan repayment through Bajaj Pay, the BBPS platform on Bajaj Finserv. You can avoid any hassle and easily make your loan repayments online.

Process for Save Microfinance Private Limited loan settlement

Borrowers can follow these steps to complete the loan settlement process with Save Microfinance Private Limited:

1. Contact Save Microfinance Private Limited: Borrowers need to contact the lender through its customer support channels or visit a branch to initiate the settlement process.

2. Explain the situation: Provide details about the financial difficulties that prevent full loan repayment.

3. Submit required documents: Share the necessary documents, such as proof of income and loan account details, to support your claim.

4. Loan evaluation: Save Microfinance Private Limited evaluates the borrower’s financial condition and loan details to determine eligibility for settlement.

5. Receive settlement offer: Based on the evaluation, the lender proposes a reduced repayment amount as part of the settlement.

6. Agree to terms: Once the borrower agrees, the settlement agreement is finalised.

7. Make the payment: Pay the negotiated amount within the agreed timeframe to close the loan account.

8. Obtain clearance certificate: After payment, Save Microfinance Private Limited issues a clearance certificate, confirming the closure of the loan.

Benefits of settling loans with Save Microfinance Private Limited

1. Reduced financial burden: Borrowers can settle their loans by paying less than the total outstanding balance.

2. Quick resolution: The loan settlement process ensures a timely resolution of outstanding debts.

3. Avoidance of legal complications: Settling the loan prevents potential legal actions and associated stress.

4. Improved financial stability: Borrowers can clear their debts and focus on rebuilding their finances.

5. Preservation of borrower-lender relationship: An amicable settlement ensures continued goodwill between the borrower and Save Microfinance Private Limited.

Tips for a successful Save Microfinance Private Limited loan settlement

1. Be proactive: Contact the lender as soon as financial challenges arise.

2. Provide accurate information: Share truthful and comprehensive details about your financial situation.

3. Understand the agreement: Read the settlement terms carefully before agreeing.

4. Negotiate wisely: Aim for a settlement amount that aligns with your current financial capacity.

5. Complete payments on time: Adhere to the agreed repayment schedule to ensure a smooth settlement.

Eligibility criteria for Save Microfinance Private Limited loan settlement

Borrowers must meet the following criteria to be eligible for a loan settlement with Save Microfinance Private Limited:

1. Demonstrated financial hardship: Provide evidence of genuine financial challenges preventing full repayment.

2. Overdue loan account: Loan settlement is typically available for accounts with overdue payments or defaults.

3. Document submission: Borrowers must submit necessary documents, such as proof of income and loan account details.

4. Mutual agreement: Both the borrower and Save Microfinance Private Limited must agree to the settlement terms.

Steps for loan settlement using the Bajaj Finserv website

1. Visit the Bajaj Finserv website.

2. Go to the 'BILLS AND RECHARGES' section under the 'PAYMENTS' menu.

3. Under the 'FINANCIAL SERVICES and TAXES' category, select 'LOAN REPAYMENT'.

4. Choose your biller from the drop-down list - this could be Bajaj Auto Finance, Bajaj Finance, or another lender.

5. Enter your loan account number and click 'FETCH YOUR BILL.'

6. Select a preferred payment method from the options from the list of available payment options, such as credit/debit card, net banking, UPI, or e-Wallet using Bajaj Pay.

7. After choosing your preferred payment mode, enter the requested payment details in the comfort of your home.

8. You will receive a confirmation notification from Bajaj Finserv after the successful payment.

Fees and charges

A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (including applicable taxes). For more information on fees and charges, click here.

Note: For failed transactions, the total amount, including charges except taxes, is reversed.