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What Happens After Loan Settlement?

The lender closes the account with a 'Settled' status, recovery stops, but the settlement remark hurts your credit score and future borrowing.

After settlement, the lender closes the account with a 'Settled' status instead of 'Closed'.

  • The loan recovery process stops.
  • The 'Settled' remark may affect your credit score and future borrowing opportunities for years.
  • You should obtain a No Dues Certificate and re-check your CIBIL report 30–45 days later to confirm the status update.