Loan Recovery

Loan recovery is the process by which a lender seeks to collect money owed when a borrower fails to repay a loan as agreed. It involves efforts like reminders, negotiations, and formal actions such as legal proceedings or asset recovery to ensure the lender recovers the outstanding amount. Effective loan recovery maintains the lender’s financial health while allowing borrowers opportunities to settle their debts. The goal is to recover the maximum possible amount with fair treatment, minimizing losses and maintaining trust in the lending system.