The Real Difference Between Loan Closure And Settlement That Banks Don’t Explain
Last Updated:October 31, 2025, 11:03 IST During repayment, two terms often confuse borrowers — loan closure and loan settlement. Both sound like the same thing: paying off the loan. But they’re not. The impact is long-term. Your credit score takes a significant hit, and banks classify you as a risky borrower (Image: Canva) In today’s…
