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Current company Settle Loan
Financial Services · 53 employees · Gurugram, India
We are an innovative fintech company that aims to help people in financial distress come out of their debt traps. It is common knowledge that in India if you default on your loan repayments, you get hounded by recovery agents and life becomes miserable, in spite of several Supreme Court judgments against the use of strong-arm tactics in recovery.
Debt settlement is typical in developed economies like USA and Europe but is not practiced often in India. And no one is on the side of the hapless consumer who may not be in a position to repay their loans due to circumstances, not in their control – job losses, medical emergencies, etc.
With the proliferation of loan apps and their predatory policies, it has become even more important to pursue debt settlement options wherever possible.
Settleloan is steered by experienced entrepreneurs who are alumni of IIT and IIM. They bring over 25 years of global experience in various domains – consulting, private equity. investment banking and technology.