Loan relief refers to options that make an existing loan more manageable — through EMI restructuring, renegotiated repayment terms, or in some cases a settlement with the lender for less than the full outstanding amount. The right option depends on your income situation, the type of loan, and how far behind (if at all) you are on payments. A relief specialist can assess your case and recommend the most suitable path.

REBCO works with home loans, personal loans, and other secured or unsecured retail loans where EMI restructuring or debt relief may be applicable. If you're unsure whether your specific loan type qualifies, it's best to speak with our team directly for a case-by-case assessment.

Yes — settling a loan for less than the full amount owed is typically reported to credit bureaus as "settled" rather than "closed," and this can lower your credit score and stay on your credit report for a period of time. It's a genuine tradeoff: settlement can offer relief from immediate financial pressure, but it isn't cost-free. We'll walk you through this impact upfront so you can make an informed decision, and discuss alternatives (like restructuring) where they may better preserve your credit standing.

Relief options like EMI restructuring adjust your repayment terms (tenure, EMI amount, interest) without reducing the principal owed, and generally have a smaller impact on your credit score. Settlement involves negotiating to pay less than the full amount owed, which resolves the debt but has a more significant, longer-lasting credit impact. We help you understand which applies to your situation before you commit.

Not necessarily. It's most relevant if you're facing genuine repayment difficulty — job loss, income disruption, medical emergencies, etc. If you're able to manage payments with some adjustment, restructuring may be enough; settlement is usually a last-resort option given its credit implications. Our team can help assess where you stand.