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Credit Card

PNB credit card settlement (OTS) happens when Punjab National Bank agrees to accept a reduced lump sum, less than your full outstanding, to close a credit card account that has turned into an NPA (a loan marked as bad by the bank). PNB is a public sector bank. That means a Board-approved settlement policy governs the process, though your specific terms still come down to the bank's own assessment of your case.

By Mohit Juneja | 21 August 2026

Reduce My EMI

Using a personal loan for debt consolidation means taking one new loan to pay off several existing debts, credit cards, other personal loans, at once. Whether it actually saves money depends on comparing the total remaining cost of your existing debts with the total cost of the new loan, including interest, fees and any applicable prepayment charges. It isn't automatic, and the math is genuinely worth checking before applying.

By Mohit Juneja | 21 August 2026

Personal Finance

P2P loan app platforms connect individual borrowers directly with individual lenders online, cutting out the bank as middleman. In India, they must be registered with the RBI as an NBFC-P2P (a distinct category of non-banking financial company). P2P platforms may offer unsecured borrowing, with application and approval processes that can be faster than some traditional channels. Lenders bear the credit risk on the loans they fund; the platform does not guarantee repayment.

By Mohit Juneja | 21 August 2026