Redefining Debt Resolution for Prolonged Cases
Empower borrowers, streamline settlements – Settle Plus is your dedicated ally for resolving extended delinquency with intelligence, transparency, and collaborative solutions!
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Empower borrowers, streamline settlements – Settle Plus is your dedicated ally for resolving extended delinquency with intelligence, transparency, and collaborative solutions!
Book a demo
Settle Plus is an extension of the Robo Collect product wherein the borrower can self create his settlement request and put it across to the lender for evaluation to approve. The borrower receives a link or webpage wherein all the details of his defaulted loan is published. Borrower has the option to put across the desired amount to settle, then even split it up into parts for settling the amount and add remarks, if required. Once he submits the inputs, it reaches the lender to take it up for further settlement process.
Settle Plus targets cases with extended delinquency, focusing on borrowers who have not repaid their debts for 180 days or more.
The platform addresses the unique challenges associated with long-standing overdue accounts.
The system automates the generation of settlement offers, presenting borrowers with feasible and fair amounts for resolution.
This automation ensures a consistent and efficient approach to settling outstanding debts.
Settle Plus utilises intelligent algorithms to predict settlement amounts that are likely to be approved by lenders.
The platform considers various factors to propose amounts that align with the lender's policies and the borrower's financial capacity.
Borrowers are empowered to self-select payment plans that suit their financial situation.
The platform fosters collaboration by allowing borrowers to actively participate in defining the terms of the settlement.
Settle Plus promotes transparent communication by providing clear and understandable settlement offers.
Borrowers receive comprehensive information about the proposed settlement terms, facilitating informed decision-making.
By automating settlement processes and involving borrowers in the decision-making, Settle Plus accelerates the debt resolution timeline.
The platform aims for a mutually beneficial resolution that satisfies both lenders and borrowers.
Robo Collect is an intelligent and proactive debt collection solution designed to assist banks in optimising loan recovery processes.
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Tailored Pre-Litigation Strategies: utilises insights from Robo Collect to customize legal notices based on borrower profiles.
Flexible Communication Modes: Offers the flexibility of delivering legal notices in both physical and digital formats.
Real-time Monitoring: Provides real-time status updates on notice delivery and borrower interactions, facilitating proactive decision-making.
Enhanced Engagement: The nudge mechanism encourages borrower engagement, increasing the likelihood of timely responses.
Operational Efficiency: The single dashboard enhances operational efficiency by providing a consolidated view of pre-litigation activities.
Legal Plus is a strategic addition to the debt recovery toolkit, offering an intelligent and efficient solution for NPA cases. By integrating seamlessly with Robo Collect and providing a centralized dashboard, the platform optimizes the pre-litigation process for banks, ensuring targeted and effective debt collection efforts.