Recovery agents frequently contact you when your loan payments are past due. However, what begins as reminders may escalate into persistent phone calls, threats, or even in-person visits; this is referred to as agent harassment. Many borrowers are unaware of their legal rights and, more significantly, that they are not alone in this situation.
Loanifyr assists you in properly settling your loan while providing total legal protection against pushy recovery agents.
What Do You Have Legal Protection Against?
Banks and NBFCs are permitted to recover funds in accordance with Reserve Bank of India (RBI) guidelines, but only in a courteous and equitable manner. This implies:
- Agents are not allowed to use threatening or abusive language.
- Calls and visits outside of the hours of 7 AM to 7 PM are prohibited.
- They can’t contact your family or place of employment to make you feel inferior.
- They must always act professionally and carry the appropriate identification.
You have the right to report bank harassment if any of these are broken.
How Loanifyr Protects You?
We act as your legal representative here at Loanifyr. After we accept your case:
- You can no longer be contacted directly by recovery agents.
- We formally notify the bank that all forms of harassment must end.
- We legally reduce your debt by negotiating a loan or credit card debt settlement with the bank.
- We guarantee that every correspondence and document is handled with the utmost legal care.
In this manner, your rights are safeguarded, and you can settle your loan without anxiety or worry.
No More Threats. Just Legal Relief.
You don’t have to face harassment to clear your dues. With Loanifyr, you stay legally protected and emotionally at peace.
Visit www.loanifyr.in to speak with our experts and stop agent harassment today.