Lotus Loans & Overdues Rescheduling Services

  • We are a UAE based consultancy offering Counseling in Debt Management, Financial Restructuring and Consolidation of liabilities to Individuals, SMEs and Corporates.
  • We assist in providing solutions to customers who are debt ridden by making them aware of their past, allowing them to take action in the present and thereby transforming the future.
  • Behind the experience and banking domain knowledge, vests a strong foundation of providing personalized service to customers undergoing financial stress and uncertainty.
  • We approach Banks and Financial Institutions in UAE on behalf of our customers to consolidate their debts.
  • We provide financial coaching and education so as to enable reduction of financial exposure immediately by lowering the existing rate of interest thereby reducing the monthly financial obligations.

Mission Statement

Our Primary objective is to ensure that 75% of our customers who are provided credit counseling become debt free in the next 3 years.

Management Team

Gaurav Bhalla

Founder and CEO
  • Qualified Masters in Business Administration ( MBA) with specialisation in Finance
  • 19 years rich experience in leading Banking organisations
  • Accomplished Collections and Recovery Expert
  • Risk Management Specialist
  • Exposure to Multiple geographies
  • Risk Management Professional
  • Operations Specialist handing diverse nature of secured and unsecured financial products

Services

We are a UAE based consultancy licensed by Dubai Economic Department offering Counseling in Debt Management, Financial Restructuring and Consolidation of liabilities to Individuals, SMEs and Corporates. paying off debt financial counseling how to get out of debt.

Our trained counsellors conduct extensive research and provide tailor made solutions with utmost confidentiality and compassion.

The primary objective is to render support to our clients facing financial hardships through customized tools and techniques.

The personalized counselling sessions allow us to obtain insights into the lifestyle of our clients thereby allowing us to offer the most appropriate debt management program.

Counseling
Consolidation
Restructuring
Credit Rating Improvement Services
  • We assist in providing solutions to customers who are debt ridden by making them aware of their past, allowing them to take action in the present and thereby transforming the future.
  • Behind the experience and banking domain knowledge, vests a strong foundation of providing personalized service to customers undergoing financial stress and uncertainty.
  • We approach Banks and Financial Institutions in UAE on behalf of our customers to consolidate their debts.
  • By lowering the existing rate of interest thereby reducing their monthly financial obligations.
  • Customized solutions.
  • The tailor-made counseling sessions enable control of financial future.
  • Our Debt Settlement offerings result in reduction of monthly financial burden.
  • We resolve issues by arriving at timely and satisfactory solutions.
  • At the core of our strategy resides our customer’s interest.
  • Our professional coaching and counseling sessions will assist our clients to stick to a budget and come out from the shackles of debt.

Professional Services

  • Financial Consultancy
  • Restructuring Advice
  • Debt Consolidation
  • Settlement proposals
  • Mortgage Advisory services
  • Extended payment plans for Credit Cards

Specialized Services

  • Legal advice
  • Closure of accounts
  • Provision of No Dues / clearance certificates
  • Remote assistance to overseas clients
  • Improve Credit Rating

FAQs

Acknowledgement of Debt is itself a victory and a path to debt elimination which begins by taking help from professional counsellors. We possess compassion and expertise in dealing with unique cases requiring continuous support and guidance.
  • Combine multiple liabilities into a single repayment loan and increase your savings through interest rate reduction.
  • Obtain benefit from reduced interest rates through consolidation of expensive past debt.
  • Debt Consolidation is a one-time solution to get out of debt and not to borrow more.
Debt Consolidation Program
Current Payments Credit Card 1 Credit Card 2 Credit Card 3 Personal Loan Auto Loan Total Debt Consolidated Loan
Current Balance 50,000 100,000 100,000 150,000 100,000 500,000 500,000
Monthly Repayment 2,500 5,000 5,000 4,500 2,000 19,000 12,000
Monthly Repayment Reduction 7,000
Monthly Repayment reduction from 19,000 to 12,000 thereby reducing the DBR and increasing the savings.
The discussion can be conducted over the phone or face to face and lasts about an hour. The information gathered during the session remains completely confidential. Solutions provided vary on a case to case basis as we do not apply a one size fits all approach.
Our professional coaching and counseling sessions assist our clients to stick to a budget and come out from the shackles of debt. We approach Banks and Financial Institutions in UAE on behalf of our customers to consolidate their debts by lowering the existing rate of interest thereby reducing their monthly financial obligations. Our Debt Settlement offerings result in reduction of monthly financial burden.
The earlier the better as creditors appreciate the fact that you are trying to take corrective action before it becomes a major problem.
The minimum payment of credit cards usually requires 10 years to clear off the card debt due to the high rate of interest as a percentage of the minimum amount. Our Debt Management program are structured to make you debt free in 3 years.
Our fees are based on the value provided and the financial benefit gained in the long term. Our Professional Fee for the engagement is based on the number of hours required to handle the case and varies on cases to case basis.
  • (50%): In advance, upon signing the engagement agreement
  • (25%): Upon submission of the restructuring proposal to all banks following prior negotiations with them.
  • (25%): Upon obtaining the restructuring approvals from all Banks.
  • All unsecured high interest debts such as Credit Cards and Personal Loans.
  • Secured Loans like Auto Loans and Mortgage loans for Conventional and Islamic Banks.
  • Business and SME loans with or without collaterals.
  • Full and Final Settlement of Personal and Commercial liabilities through Debt Consolidation, Restructuring and loan takeover.
Introduced in 2011, the 50 per cent debt burden ratio (DBR) regulation states that repayments for all loans and credit cards must not exceed 50 per cent of a person’s monthly salary. The problem was that until the Al Etihad Credit Bureau started issuing reports on people’s credit levels in 2014, banks relied on applicants telling them how much debt they already had when applying for loans. As a consequence of which prudent lending norms were not followed which lead to consumers falling in a debt trap.

The Debt Management Programs are structured in a way so as to reduce the debt burden ratio and remain within the Central Bank of UAE guidelines thereby improving the credit score.

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