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Bajaj Finance Limited

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What is loan settlement Meaning, procedure and impact

What is loan settlement Meaning, procedure and impact

0 Views | 29 May, 2026

Loan settlement is an agreement where the lender allows you to pay a reduced amount to close your debt, this usually happens when you face severe financial crisis, while it offers immediate relief from debt burden, it negatively impacts your credit score and remains on your credit report for seven years

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