Speel Finance Company Private Limited is a prominent financial services provider that offers a wide range of tailored solutions to meet the diverse needs of individuals and businesses. With a focus on providing accessible and efficient financial products, the company is committed to empowering its clients with smart financial options. Through its customer-centric approach, Speel Finance strives to deliver high-quality services in loan facilitation, investments, and financial planning, ensuring convenience and trust for all its stakeholders.

They also offer online repayment options. You can avoid any hassle and easily make your loan repayments online. You can use BBPS platforms for safety. One such reliable platform is Bajaj Pay, perfect for you to make secure online loan repayments.

Process for Speel Finance Company Private Limited loan settlement

Borrowers can follow these steps to complete the loan settlement process with Speel Finance Company Private Limited:

1. Contact Speel Finance Company 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: Speel Finance Company 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 the 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 a clearance certificate: After payment, Speel Finance Company Private Limited issues a clearance certificate, confirming the closure of the loan.

Benefits of settling loans with Speel Finance Company 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 Speel Finance Company Private Limited.

Tips for a successful Speel Finance Company 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 Speel Finance Company Private Limited loan settlement

Borrowers must meet the following criteria to be eligible for a loan settlement with Speel Finance Company 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 Speel Finance Company 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.