Facing repossession of your Two-Wheeler or Tractor? Struggling with Microfinance dues? We help you negotiate a One Time Settlement (OTS) and stop harassment.
L&T Finance Holdings Ltd is a leading Non-Banking Financial Company (NBFC) in India. It has a massive presence in rural and semi-urban areas, specializing in Two-Wheeler Loans, Farm Equipment (Tractor) Loans, and Microfinance.
While they empower many to buy vehicles and equipment, their recovery process for defaulters is known to be stringent. They often employ third-party agencies for vehicle repossession and initiate arbitration proceedings quickly.
If you are facing financial distress and cannot pay your EMIs, AMA Legal Solutions can help you protect your assets and negotiate a dignified settlement with L&T Finance.
Two-wheeler loans are secured loans. The biggest risk here is the seizure of your bike or scooter by recovery agents.
Agents cannot seize your vehicle by force. They must follow legal procedure. We intervene to stop illegal seizure and buy you time to arrange funds or settle.
If the vehicle value has depreciated significantly, the bank may agree to a settlement amount that is close to the current market value of the vehicle, waiving off the remaining dues.
Farmers often face default due to crop failure or monsoon issues. L&T Finance understands this but still follows process.
Microfinance loans are often given to Joint Liability Groups (JLGs). If one member defaults, the group is pressured.
Our Approach: We help individual borrowers settle their portion of the debt without being harassed for the group's liability, especially in cases of genuine personal hardship like health issues or loss of livelihood.
We resolve individual liability in group loans.
L&T Finance is very active in using arbitration. They appoint an arbitrator to pass an award for the full claim amount. This award is enforceable as a court decree. We represent you in these proceedings to challenge the claim and push for a settlement.
Criminal cases for cheque bounce are common. If you receive a summons, you must appear in court. We provide legal representation to handle the bail process and negotiate an out-of-court settlement to quash the case.
For vehicle loans, agents are sent to seize the asset. We ensure they follow the law (giving notice, inventory list, etc.) and protect your rights against forceful seizure.
OTS is the most effective way to close your loan if you cannot pay the full amount. L&T Finance accepts a reduced payment to close the account.
You save significantly on interest and penalties. The vehicle is released (if seized) or the lien is removed. Legal cases are withdrawn.
We prioritize saving your vehicle or property from seizure.
We know the internal hierarchy of L&T Finance and who to approach for approvals.
We handle arbitration and court cases so you don't have to face them alone.
We understand your loan type (Secured/Unsecured) and default status.
We legally intervene to stop agents from harassing you or seizing your vehicle illegally.
We submit a structured settlement proposal to L&T Finance.
We negotiate with the bank officials for the best possible settlement amount.
You pay the settlement amount, and we ensure the loan is closed and NOC is issued.
For vehicle loans, the RBI has strict guidelines:
If your vehicle was seized forcefully without notice, we can take legal action to get it back.
Settlement will mark your account as "Settled" in CIBIL. This lowers your score.
However, it is a necessary step to stop the debt from growing and to avoid legal complications.
You can rebuild your score to 750+ within 18-24 months by demonstrating good financial behavior on new, small secured loans.
"My tractor loan was in default due to bad harvest. L&T agents were threatening to seize it. AMA Legal helped me restructure the loan and stop the seizure. Very helpful for farmers."
Farmer, Punjab
"I had a two-wheeler loan and lost my job. I couldn't pay the EMIs. AMA Legal negotiated a settlement for me, and I paid a lump sum to close the loan. The bike is safe with me."
Delivery Partner, Delhi
Expert answers on settling Two-Wheeler, Tractor, and Personal Loans with L&T Finance.
Expert legal help to protect your assets and settle debts.
Our loan settlement services are available across all states and union territories in India