⚠️ WARNING: Loan default negatively impacts your CIBIL score for 7+ years 📢 RBI Advisory: Always settle your loans to maintain good credit history 🏦 As per RBI guidelines, timely repayment is essential for financial health ⚠️ Defaulters may face legal action including SARFAESI proceedings 📢 NRI customers: Loan default can affect your overseas credit rating ⚠️ WARNING: Loan default negatively impacts your CIBIL score for 7+ years 📢 RBI Advisory: Always settle your loans to maintain good credit history 🏦 As per RBI guidelines, timely repayment is essential for financial health

My Loan Mitra

India's Trusted Loan Settlement Platform for Residents & NRIs

RBI Compliant

256-bit Encryption

NRI Friendly

24/7 Available

Did you know? A good CIBIL score (750+) can help you get loans at lower interest rates. Settle your pending dues today and start rebuilding your credit score!

Check Your Settlement

Enter your details to view loan settlement amount

Mobile Number

Please enter a valid 10-digit mobile number.

Email Address

Please enter a valid email address.

OTP will be sent to this email

Loan Account Number

Please enter your loan number.

I agree to the Terms & Conditions and Privacy Policy

OTP Verification

Enter the 6-digit code sent to your registered contact

OTP sent to

Enter OTP

Please enter the 6-digit OTP.

Didn't receive OTP?

IMPORTANT NOTICE

Consequences of Non-Payment / Default:
• Your CIBIL/Credit Score will be negatively impacted
• Legal proceedings may be initiated under applicable laws
• Additional interest, penalties & collection charges will apply
• Your account may be reported to credit bureaus (CIBIL, Experian, Equifax, CRIF)
• Recovery agents may visit your residence/workplace as per RBI guidelines

BENEFITS OF TIMELY SETTLEMENT

• Get significant discount on your outstanding amount
• Receive NOC (No Objection Certificate) immediately
• Improve your credit score over time
• Avoid legal action & mental stress
• Fresh start towards financial freedom

256-bit SSL Secure RBI Compliant

"A good credit score is not just a number – it's your financial passport to a better future."

RBI Regulated

Compliant with all RBI norms

Instant NOC

NOC in 15 minutes

Secure Payments

UPI & Card payments

24/7 Support

Always here to help

Important Information

Know your rights and responsibilities as a borrower

RBI Guidelines

Banks must provide settlement options to borrowers
Fair Practices Code mandates transparent communication
Interest rate caps as per RBI master circular
Borrowers have right to seek one-time settlement
Banks cannot harass borrowers for recovery

CIBIL Score Impact

Score range: 300-900 (750+ is excellent)
Default drops score by 100-150 points
Settled loans show "Settled" status for 7 years
After settlement, score gradually improves
Good score = Lower interest rates on future loans

Not Paying Your Loan?

CIBIL score severely impacted
Legal notices and recovery proceedings
SARFAESI action for secured loans
Difficulty in getting future credit
Higher interest rates on all future borrowing

NRI Borrowers

FEMA regulations apply for NRI loans
Default affects international credit rating
Settlement can be done online from abroad
NOC required for property transactions
24/7 support for different time zones

Terms & Conditions Summary

Eligibility: Only valid loan holders with matching credentials can access this portal.
Settlement Amount: The displayed amount is the final settlement offer valid for the mentioned period.
Payment: Once payment is made, it is non-refundable and will be credited to your loan account.
NOC Issuance: No Objection Certificate (NOC) will be available for download within 15 minutes of successful payment.
CIBIL Update: Credit bureau will be updated within 30-45 days of settlement.

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Privacy & Data Security

Data Encryption: All data is encrypted using 256-bit SSL encryption.
No Data Sharing: Your personal information is never shared with third parties for marketing.
OTP Security: OTP is valid for 5 minutes only and should never be shared.
Session Security: Sessions automatically expire after 15 minutes of inactivity.
Audit Logs: All activities are logged for security and compliance purposes.

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256-bit SSL

RBI Compliant

Secure Payments

PCI DSS

ISO 27001

Terms & Conditions | Privacy Policy | Refund Policy | Disclaimer

Last Updated: January 2026

1. Acceptance of Terms

By accessing and using the My Loan Mitra portal, you agree to be bound by these Terms and Conditions. If you do not agree with any part of these terms, you must not use this portal.

2. Eligibility

This portal is exclusively for borrowers who have an existing loan account with partnered banks/NBFCs. You must provide accurate information matching the records maintained by the lending institution.

3. OTP Verification

For security purposes, One-Time Password (OTP) verification is mandatory. The OTP is sent to the registered email address. Never share your OTP with anyone, including bank employees or My Loan Mitra representatives.

4. Settlement & Foreclosure Options

My Loan Mitra offers two ways to close your loan:

Settlement: A negotiated reduced amount to settle your loan dues
Foreclosure: Pay the Principal Outstanding (POS) plus a small charge (0-5%) to close your loan early

No Extra Charges on Foreclosure!
My Loan Mitra does NOT charge any GST, hidden fees, or additional foreclosure charges. You pay only the displayed amount.

5. Payment Terms

Payments must be made through authorized payment methods only
All payments are final and non-refundable once processed
Payment confirmation will be sent to the registered email
In case of payment failure, the amount will be refunded within 5-7 working days

6. NOC (No Objection Certificate)

Upon successful settlement payment, the NOC will be generated instantly and available for download within 15 minutes. The NOC can be downloaded from this portal.

7. CIBIL/Credit Bureau Reporting

The lending institution will update the credit bureaus (CIBIL, Experian, Equifax, CRIF High Mark) within 30-45 days of settlement. The account status will be marked as "Settled" which is different from "Closed".

8. Limitation of Liability

My Loan Mitra acts as a facilitator between borrowers and lending institutions. We are not liable for any decisions made by the lending institution regarding settlement amounts or NOC issuance timelines.

9. Governing Law

These terms are governed by the laws of India. Any disputes shall be subject to the exclusive jurisdiction of courts in New Delhi, India.

10. Amendments

We reserve the right to modify these terms at any time. Continued use of the portal after modifications constitutes acceptance of the revised terms.

Last Updated: January 2026

1. Information We Collect

Personal Information: Name, mobile number, email address, loan account number
Financial Information: Loan details as provided by the lending institution
Device Information: IP address, browser type, device type for security purposes

2. How We Use Your Information

To verify your identity and authenticate access to your loan details
To process settlement payments securely
To send OTPs, payment confirmations, and NOC notifications
To comply with legal and regulatory requirements

3. Data Security

All data transmission is encrypted using 256-bit SSL/TLS encryption
Payment processing complies with PCI-DSS standards
Access to personal data is restricted to authorized personnel only
Regular security audits are conducted to protect your data

4. Data Sharing

We do NOT share your personal information with third parties for marketing purposes. Your data is shared only with:

The lending institution for loan verification and settlement processing
Payment gateway providers for processing transactions
Regulatory authorities when required by law

5. Data Retention

We retain your data for a period of 8 years from the date of settlement as required by RBI regulations. After this period, data is securely deleted.

6. Your Rights

Right to access your personal data
Right to correct inaccurate information
Right to request data deletion (subject to legal requirements)
Right to withdraw consent for non-essential processing

7. Cookies

We use essential cookies for session management and security. No tracking or advertising cookies are used.

8. Contact for Privacy Concerns

For any privacy-related queries, please contact our Data Protection Officer at privacy@myloanmitra.in

My Loan Mitra

Check Your Settlement

OTP Verification

IMPORTANT NOTICE

BENEFITS OF TIMELY SETTLEMENT

RBI Regulated

Instant NOC

Secure Payments

24/7 Support

Important Information

RBI Guidelines

CIBIL Score Impact

Not Paying Your Loan?

NRI Borrowers

Terms & Conditions Summary

Privacy & Data Security

Terms & Conditions

1. Acceptance of Terms

2. Eligibility

3. OTP Verification

4. Settlement & Foreclosure Options

5. Payment Terms

6. NOC (No Objection Certificate)

7. CIBIL/Credit Bureau Reporting

8. Limitation of Liability

9. Governing Law

10. Amendments

Privacy Policy

1. Information We Collect

2. How We Use Your Information

3. Data Security

4. Data Sharing

5. Data Retention

6. Your Rights

7. Cookies

8. Contact for Privacy Concerns

Refund Policy

1. Successful Payments

2. Failed Payments

3. Duplicate Payments

4. Disputes

Disclaimer

General Disclaimer

Settlement Offers

Credit Score Impact

RBI Compliance

No Financial Advice

Accuracy of Information