Subhlakshmi Finance Private Limited is a financial services company that offers a range of customised solutions to meet the diverse needs of individuals and businesses. Specialising in personal loans, business loans, and investment services, the company focuses on providing flexible financing options with competitive interest rates and convenient repayment terms.

Subhlakshmi Finance is committed to delivering transparent, efficient, and customer-centric services, helping clients achieve financial stability and growth. With a focus on trust and reliability, the company has established itself as a trusted partner in the financial services industry, empowering its clients to make sound financial decisions.

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.

Overview of Subhlakshmi Finance Private Limited loan settlement

The loan settlement process by Subhlakshmi Finance Private Limited is designed to assist borrowers who cannot meet their repayment obligations. This initiative allows borrowers to clear their outstanding loans by paying a negotiated amount, usually less than the original balance. Loan settlement helps borrowers resolve their financial challenges effectively while ensuring a hassle-free resolution of dues. To explore loan repayment options customers can take help of third-party platforms such as Bajaj Finserv with Easy payment options through features like Bajaj Pay.

Process for Subhlakshmi Finance Private Limited loan settlement

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

1. Contact Subhlakshmi Finance 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: Subhlakshmi Finance 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, Subhlakshmi Finance Private Limited issues a clearance certificate, confirming the closure of the loan.

Benefits of settling loans with Subhlakshmi Finance Private Limited

Here are the key benefits of settling your existing loans:

• Reduced financial burden: Borrowers can settle their loans by paying less than the total outstanding balance.
• Quick resolution: The loan settlement process ensures a timely resolution of outstanding debts.
• Avoidance of legal complications: Settling the loan prevents potential legal actions and associated stress.
• Improved financial stability: Borrowers can clear their debts and focus on rebuilding their finances.
• Preservation of borrower-lender relationship: An amicable settlement ensures continued goodwill between the borrower and Subhlakshmi Finance Private Limited.

Tips for a successful Subhlakshmi Finance Private Limited loan settlement

Essential tips that will help you settle your loans with ease:

• Take initiative: Reach out to the lender promptly when financial difficulties emerge.
• Be transparent: Offer honest and detailed information about your financial circumstances.
• Review the terms: Thoroughly understand the settlement conditions before accepting them.
• Negotiate strategically: Seek a settlement amount that matches your financial ability.
• Stay committed: Follow the agreed repayment plan diligently to ensure a hassle-free settlement.

Eligibility criteria for Subhlakshmi Finance Private Limited loan settlement

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

• Demonstrated financial hardship: Provide evidence of genuine financial challenges preventing full repayment.
• Overdue loan account: Loan settlement is typically available for accounts with overdue payments or defaults.
• Document submission: Borrowers must submit necessary documents, such as proof of income and loan account details.
• Mutual agreement: Both the borrower and Subhlakshmi Finance Private Limited must agree to the settlement terms.

How to make loan repayment through the Bajaj Finserv website

To make your loan repayment on the Bajaj Finserv website, follow these steps:

1. Visit the Bajaj Finserv website

2. Navigate to the ‘PAYMENTS’ tab and click on ‘PAY NOW’ under ‘LOAN REPAYMENT’

3. Select your loan provider from the dropdown list

4. Input your loan number and click ‘PROCEED’

5. Choose your preferred payment method like credit card, debit card, Bajaj Pay UPI, or net banking

6. Fill in the required payment details

7. Review all details and click ‘PAY NOW’ to complete the transaction

You will receive a confirmation notification after 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.