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DRT & SARFAESIBorrower₹499 + 18% GST

One-Time Settlement (OTS) Proposal Letter

Propose a settlement to your bank to close the loan

A persuasive One-Time Settlement proposal letter to your bank / NBFC / ARC, offering to settle a defaulted or NPA loan account for a negotiated lump sum — setting out your financial hardship, the offer, the payment plan, and a request for a settlement / no-dues letter and release of security.
What you'll need to provide
  • Borrower name
  • Borrower address
  • Lender (bank / NBFC / ARC)
  • Loan account number
  • Total outstanding (₹)
  • Your settlement offer (₹)
  • Proposed payment plan
  • Reason for default / financial hardship
  • Name of person signing
A preparation aid — not legal advice. This document is drafted from the details you provide. Please have it reviewed and validated by a competent lawyer before you sign, serve, file or rely on it. MSME Prime does not replace a lawyer.