Settlease (“Company”, “we”, “us”, or “our”) provides loan settlement assistance, financial guidance, and facilitation services to borrowers seeking to resolve outstanding loan obligations with lenders. We act as a communication and facilitation bridge between borrowers and lenders and aim to assist clients through a lawful, transparent, and ethical process.
1. No Authority Over Lenders
Settlease is not a bank, NBFC, financial institution, or lender unless expressly stated otherwise. We do not have authority to compel, direct, or bind any lender to accept a particular settlement proposal or repayment arrangement.
2. Lawful and Ethical Assistance
Our services are intended to facilitate lawful communication, documentation, negotiation, and coordination between borrowers and lenders. We do not encourage or assist clients in submitting false information, concealing assets or income, evading lawful repayment obligations, or engaging in any fraudulent, unlawful, or deceptive activity.
3. Client Responsibility
Clients remain responsible for providing accurate and complete information and documents. The client remains ultimately responsible for their loan obligations, contractual commitments, and any consequences arising from non-payment or delayed payment, except to the extent expressly agreed in writing with the concerned lender.
4. Independent Legal/Financial Advice
Information provided by Settlease is intended for general guidance and facilitation purposes and should not automatically be treated as legal, financial, tax, or investment advice. Where necessary, clients should obtain advice from an appropriately qualified advocate, chartered accountant, financial professional, or other relevant professional.
5. Communication With Lenders
Settlease may, where authorised by the client, assist in communicating with lenders, collection agencies, or their authorised representatives. Any proposal, offer, settlement letter, or agreement issued by a lender should be carefully reviewed by the client before acceptance.
6. Payments and Settlement Amounts
Clients should make payments only through verified and authorised channels. Settlease does not represent that payment of any service fee or other amount to Settlease automatically constitutes payment toward the client's loan unless expressly documented and authorised.
7. No Misrepresentation
Settlease does not claim to have any special authority, influence, or guaranteed arrangement with any lender unless such authority or arrangement is specifically documented. Any reference to potential savings, settlement amounts, timelines, or outcomes is indicative only and is subject to the individual circumstances of the client and the lender's decision.
8. Third-Party Lenders
Settlease is independent of banks, NBFCs, credit card companies, digital lending platforms, and other lenders unless expressly disclosed. We do not represent ourselves as an agent, employee, representative, or authorised officer of any lender without appropriate authority.
9. Changes in Circumstances
Loan settlement outcomes may depend on the client's financial circumstances, loan terms, lender policies, applicable laws, regulatory requirements, and other factors outside Settlease's control. Accordingly, information or estimates provided during discussions may change.
10. Use of Services
By using Settlease's services, the client acknowledges that SettleLease is a facilitator and service provider and that the final decision regarding settlement or other modification of a loan rests with the concerned lender.
For complete terms and conditions, clients should refer to the service agreement executed between Settlease and the client.