Dhani Loan Settlement Letter: You may have missed your Dhani loan EMI. You may have forgotten to repay your Dhani app loan. You may be unable to pay your Dhani loan instalment. You may not be able to pay your EMI or entire outstanding repayment amount. You may also not be able to clear your current instalment and wish to settle your account with a settlement amount. Regardless of the reason, if you owe money through Dhani and the incessant recovery calls are causing you stress, you can send a written settlement request to your lender.
Dhani Loan Settlement Letter For:
Legal Notice Issues With Dhani Loan
Your Dhani loan payments may be overdue for several reasons. Your employer may not have disbursed your salary on time. You may have encountered unexpected medical expenses or family emergency. You may have lost your job or been laid off from work. Self-employed borrowers may not receive many client payments within a month. Business owners may experience slow sales, poor sales or late receivables.
Dhani Marks Your Loan Overdue: Your loan account can get classified overdue when you miss the deadline to make your scheduled payment. That payment could be your EMI payment, loan instalment payment or repayment of your entire amount owed. When Dhani marks your loan payment overdue you account will officially become overdue. Lenders will start charging your account late fees, penal charges and interest on your overdue balance.
Dhani Sends Demand or Recall Notice: Collection calls and reminders may start coming soon after your payment becomes overdue. You will also start receiving demand notices or recall notices from lenders and collection teams. Collection agents may contact you regarding your overdue amount they claim you owe. If you fail to respond to the lenders in writing, the reminders and calls will continue.
Dhani Sends Recovery Communication: Lenders may reach out to you via letters, emails and SMS. You may also receive communication through phone calls, app notifications and WhatsApp messages. Recovery agents will contact you to ask for immediate repayment of your loan dues. You may also receive emails from lenders about your overdue payment.
Dhani Starts Lok Adalat or Arbitration: Depending on your loan agreement and recovery stage your lenders may move forward with Lok Adalat or arbitration proceedings. Whether Dhani will actually start legal recovery action depends on the overdue amount stated on your loan documents, repayment history, account stage and duration for which your account has been overdue.
Dhani Recovery Agents Are Calling You: Recovery agents and collection teams should not harass you over phone calls. They may call you about the amount you owe but cannot embarrass you at your workplace, threaten you or blackmail you over phone. Agents may not force you to make illegal payments or use abusive language with you.
Sample Notices and Replies
Reply to your lenders when you receive a demand notice from Dhani. Tell lenders you cannot pay back your entire outstanding loan amount. Write to Dhani lenders using a proper format and offer to pay what you can realistically afford.
Act immediately if you receive any loan recovery notice from Dhani. Recovering your loan is a serious matter, send a written reply once you receive any legal notice from your lenders.
Write lenders asking them to settle your overdue loan amount. Request lenders waive your dues if you can pay back a portion of your entire outstanding amount. You can also ask lenders to settle penal charges, interest or any other additional charges.
Lenders may initiate Lok Adalat or arbitration proceedings if they are unable to recover money using standard follow-up. Lok Adalat and arbitration notices may be received depending on your loan agreement and account stage. Verify your loan documents if Dhani forwards you any legal notice.
How to Settle Dhani Loan?
OTS is short for One Time Settlement. You can request OTS on most app based loans, Non-Banking Financial Company loans (NBFC loans) and loans from other lender partners. OTS amounts will differ with each lender. Every lender has different terms and conditions. If you are unable to repay your Dhani loan in full, send your lenders a settlement request letter.
Fill out an OTS application or write your own OTS request. Include your loan account number with Dhani, registered mobile number and the total overdue amount lenders are claiming on your account.
Attach documents that support your reason for not being able to pay your lenders. You can attach bank statements or your salary slip as income proof. Provide medical documents if you had any medical emergencies or illness. Provide proof of job termination from employer if you were laid off from work. Self employed borrowers can attach their ITR as income proof.
Wait for a response from Dhani or its lender partner. They may accept your OTS request, deny your request or provide you with a counter offer. If you receive a counter offer, negotiate with your lenders in writing. Everything will depend on your loan type, repayment history and overdue amount.
Decide how much you can afford to pay lenders towards settling your loan account. Try to negotiate late fees, penal charges, recovery charges, collection charges and interest accrued on your overdue loan amount.
You should never make a settlement payment until you receive written confirmation from lenders. Lenders should provide you written confirmation on the accepted settlement amount, payoff deadline and closure terms via email or official communication channel. Settlement amount should be made through authorised payment link, cheque, UPI ID or bank transfer. Once payment is completed, ask lenders for a receipt and proof of closure.
Lenders can deny your OTS request letter. You may have offered a low amount that lenders were unwilling to accept. Perhaps lenders did not find your reason genuine enough. You may not have attached proper documents required to validate your reason for not paying. Your account may be in an advanced recovery stage.
If your account is already 60 or more days overdue, it may be harder to negotiate a settlement. This does not mean Dhani lenders have no obligation to settle your account. You can always send another OTS letter with a better offer and stronger documents to support your reason. Mention why you could not repay your loan amount to Dhani.
Borrower Rights Against Harassment
Collection agents should not harass or intimidate you over phone regarding your overdue loan repayment amount. Agents should not threaten you by promising police action or misuse of legal powers.
Agents working on behalf of Dhani lenders cannot abuse or threaten you verbally. Loan collectors should not visit your workplace without prior reason. Recovery agents should not speak to your employer, manager or co-workers in abusive language.
If you receive any loan recall notice, demand notice, recovery notice, Lok Adalat notice or arbitration notice you have every right to send a written reply back to Dhani lenders.
Collection agents should not stress you into making repayment of your dues. You have the right to send lenders a written complaint if agents abuse you verbally, threaten you with police or legal action and extort or shame you.
Dhani Loan Settlement FAQs
Are lenders from Dhani harassing you for payment? Did lenders send you legal notices or recovery letters? Did the matter progress into something more serious with legal notices, Lok Adalat or arbitration threats? Take a breath. Collect and preserve all screenshots, call logs, emails and messages. Send a proper written reply to every legal notice you receive.
Loan Settlement Agency does not work with, represent or have any connections with any lenders. We have a 0% relationship with Dhani lenders, lawyers or their recovery teams. Sending any settlement request or waiver request is entirely at your own risk and subject to lender approval.