Last updated: 1 Oct 2023

1. Acceptance of Terms

By accessing or using the website https://settlementonloan.com (the “Website”) or our services, you agree to be bound by these Terms and Conditions. If you do not agree to these Terms and Conditions, please do not use our services or access our Website.

2. Privacy Policy

Your use of our services and the Website is also governed by our Privacy Policy. Please review our Privacy Policy for information on how we collect, use, and disclose personal information.

3. Information Accuracy

You agree to provide accurate, current, and complete information when using our services or interacting with our Website.

4. Intellectual Property

The content, logos, trademarks, and other intellectual property displayed on our Website are the property of Settlement on Loan or its licensors and may not be used without permission.

5. User Responsibilities

You are responsible for maintaining the confidentiality of any account credentials you create. You are also responsible for all activities that occur under your account.

6. Limitation of Liability

In no event shall Settlement on Loan be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues.

7. Governing Law

These Terms and Conditions shall be governed by and construed in accordance with the laws of [Your Jurisdiction], without regard to its conflict of law principles.

8. Changes to Terms and Conditions

We reserve the right to update or modify these Terms and Conditions at any time. The updated Terms and Conditions will be posted on our Website with the revised date.

9. PROFESSIONAL DEBT MEDIATION

Settlement on Loan is a debt mediation and consultancy platform operating under it’s parent company Settle y lyf financial services private limited and the firm assisting borrowers facing financial hardships and help them in negotiation support, settlement guidance and financial resolution assistance, please understand the fact that we are not the bank/ NBFC or any other RBI-regulated entity

10. No Guaranteed Approval

Every financial case is unique.We assist in negotiating settlements but no fixed settlement percentage is guaranteed and No specific timeline can be promised. Final approval always rests with the lender or creditor.

11. Direct Payment To Creditors Only

Your financial safety is our priority.consultancy fees are charged transparently and settlement amounts must be paid directly to the lender, we never collect,hold or process settlement funds on behalf of our customer or creditors

12. Legal Support Through Independent Advocates

We provide mediation and administrative assistance where legal representation is required Assistance is facilitated through independent advocates or Law-firms and legal partners(we have tied-up with some of them and outsource all the legal services directly through them) Though we are not the Law firm or agency.Services are proved in compliance with applicable legal and professional regulations.This communication is informational and not a solicitation for legal practice.

13. Credit Score Impact

Before opting for a settlement, please understand:A “Settled” loan account may be reported to credit bureaus instead of “Closed”. This may Reduce your CIBIL score or Impact future loan eligibility and affect future credit approvalsTerms & Conditions Apply. Please read all disclosures carefully before availing any service.

Contact Us

If you have any questions or concerns regarding these Terms and Conditions, please contact us at admin@settlementonloan.com