Fintech & NBFC Settlement Experts

Resolve Your Northern Arc Debt & Reclaim Your Financial Freedom

Trapped in debt from Slice, Uni, or KreditBee? Northern Arc Capital is likely your lender. We provide legal protection and expert negotiation to settle your loans for a fraction of the cost.

Understanding Northern Arc Capital

In the rapidly evolving world of Indian fintech, Northern Arc Capital stands as a titan that often operates behind the scenes. While you may not have walked into a Northern Arc branch to apply for a loan, they are the financial engine powering dozens of popular loan apps and credit cards. They are a Systemically Important Non-Banking Financial Company (NBFC) registered with the RBI, specializing in providing credit to under-served households and businesses.

When you use a "Buy Now, Pay Later" (BNPL) service or swipe a fintech credit card, the money is often being lent by Northern Arc. This means that while your app interface might belong to a cool, modern startup, the legal debt obligation is owed to a regulated, traditional financial institution. This distinction is crucial because when defaults happen, it is Northern Arc that initiates the legal recovery process, not just the app developer.

Many borrowers are surprised to receive legal notices from Northern Arc when they thought their relationship was with a different brand. Understanding this relationship is the first step in resolving your debt. At AMA Legal Solutions, we bridge this gap, dealing directly with Northern Arc's compliance and settlement teams to resolve your financial liabilities professionally and legally.

The Fintech Ecosystem: Who Are the Partners?

Northern Arc has built an extensive network of partners. If you have taken a loan or used a credit line from any of the following platforms, there is a high probability that your loan account is managed by Northern Arc. We handle settlements for all these associated products:

Slice & Uni Cards

These popular "credit card challengers" often use Northern Arc as their lending partner. The "split your bill in 3" feature is essentially a short-term loan. Defaulting on these can lead to immediate reporting to CIBIL as a written-off or defaulted account by Northern Arc.

KreditBee & Personal Loan Apps

Apps offering instant cash loans like KreditBee, MoneyTap, or EarlySalary often have Northern Arc on their panel of lenders. The high interest rates on these small-ticket loans can quickly spiral out of control, making repayment impossible without a structured settlement.

LazyPay & BNPL

Buy Now Pay Later services are convenient but dangerous. Missed payments attract massive penalties. Since these are often small amounts initially, users ignore them until they balloon into significant debt, prompting legal action from Northern Arc.

Microfinance & SME Loans

Beyond consumer apps, Northern Arc also funds small business loans and microfinance institutions. If you are a small business owner struggling with a loan backed by them, the settlement process is your best route to avoid bankruptcy or asset seizure.

The Digital Debt Trap

The convenience of digital lending comes with a hidden cost. These loans are designed to be frictionless, meaning it is incredibly easy to borrow but often difficult to understand the terms. The interest rates on these fintech loans can range from 24% to 36% per annum, and in some cases of default, the penal interest can push the effective rate even higher.

A common scenario we see is "loan stacking". A user takes a loan from App A to pay off App B, and then App C to pay off App A. Before they know it, they are juggling 5-6 different EMI schedules. When one payment is missed, the house of cards collapses. The phone starts ringing incessantly, and the mental pressure becomes unbearable.

If you find yourself in this cycle, stop. Taking a new loan to pay an old one is not the solution. The solution is to pause, assess your total liability, and initiate a legal settlement process. This stops the bleeding and gives you a fixed, reduced target to clear your name.

How Northern Arc Recovers Debt

As a regulated entity, Northern Arc follows a structured recovery process. However, the third-party agencies they employ can often be aggressive. It is important to distinguish between legal recovery steps and harassment.

1

Automated Communication

It starts with automated SMS, emails, and IVR calls. These are relentless and designed to create a sense of urgency. They will remind you of the "consequences" to your credit score.

2

Tele-calling Agents

If automated reminders fail, human agents take over. This is where things often get ugly. Agents may call your references, parents, or workplace, which is a violation of RBI guidelines. They might threaten you with police cases or immediate arrest, which are false threats used to panic you.

3

Legal Notices

You will eventually receive a formal legal notice. This could be a demand notice, a notice for conciliation, or a notice invoking arbitration. This is a critical stage. Ignoring a legal notice is dangerous. It needs a professional legal reply.

4

Arbitration & Execution

Northern Arc frequently uses arbitration to get a legal order against borrowers. An arbitrator is appointed, and if you don't represent yourself, an ex-parte award is passed. This award can then be executed through a civil court to attach your bank accounts or assets.

Why Choose Settlement with AMA Legal Solutions?

Massive Savings

We typically achieve settlements of 40-50% of the principal amount, waving off all interest and penalties. This can save you tens of thousands of rupees.

End Harassment

Once we are on board, we direct all communication to our legal team. You no longer have to deal with abusive recovery agents directly.

Legal Closure

We ensure you get a formal settlement letter and a No Dues Certificate. This is your proof that the debt is extinguished forever.

Our Proven Settlement Process

1

Consultation & Analysis

We analyze your loan documents, the total outstanding, and your current financial capability. We verify if the loan is indeed with Northern Arc.

2

Legal Representation

We issue a formal letter of representation to Northern Arc, informing them that AMA Legal Solutions is now representing you. This usually stops the routine recovery calls.

3

Proposal & Negotiation

We submit a settlement proposal based on your financial hardship. We negotiate hard with their central team to get the lowest possible closure amount.

4

Documentation & Payment

Once the amount is agreed, we verify the settlement letter. You make the payment directly to Northern Arc (never to us), and we ensure the account is closed.

The Reality of Arbitration

Northern Arc is known for being litigious. They often invoke the arbitration clause in your loan agreement. Here is what you need to know:

It is Real Court

Many borrowers think arbitration is just a formality. It is not. The arbitrator is a private judge, and their decision (Award) is binding.

Distance is No Defense

Even if you are in Mumbai and the arbitration is in Chennai, you must participate. We can represent you virtually or through written submissions.

Asset Attachment

If you ignore the award, they can file an execution petition in your local civil court to freeze your salary account or attach property.

Section 138 Cases

Simultaneously, they may file a criminal case for cheque bounce or NACH dishonor. This requires mandatory bail and court appearance.

Critical Advice: If you receive an arbitration notice, contact us immediately. We can often pause the proceedings by initiating settlement talks.

Real Stories, Real Relief

"I was using a Slice card and lost my job. The bill was ₹45,000 but with late fees, they demanded ₹85,000. I was terrified of the legal notices. AMA Legal Solutions took over, spoke to Northern Arc, and settled the whole thing for ₹25,000. It was a huge weight off my shoulders."

A

Amit S.

Graphic Designer, Bangalore

"I had taken a personal loan from KreditBee. The recovery agents were calling my office reception. It was humiliating. I contacted AMA Legal Solutions. Within 48 hours, the harassment stopped. We settled the loan in 3 installments. Highly professional service."

P

Priya K.

HR Manager, Mumbai

Got Questions?

Frequently Asked Questions

Everything you need to know about settling your loan with Northern Arc Capital.

Northern Arc Capital is a major NBFC that partners with many fintech apps and digital lenders (like Slice, Uni, KreditBee, etc.) to provide the actual loan capital. Even if you applied through an app, Northern Arc might be the official lender on record, making them responsible for recovery and legal notices.
Yes. Since Northern Arc is the regulated lender, the settlement agreement must ultimately be with them. We help you bypass the third-party recovery agencies and negotiate directly with Northern Arc's central team for a One Time Settlement (OTS).
Settlement amounts vary based on your delinquency period (how long you haven't paid) and your financial hardship. Typically, we aim to waive off 100% of the late fees and penal interest, and negotiate a discount on the principal amount, often settling for 40-60% of the total outstanding.
Northern Arc takes legal compliance seriously. They may initiate arbitration proceedings or file cases under Section 138 (if cheques/NACH bounce). However, they are also open to resolving matters amicably through settlement to avoid long litigation costs.
Yes, as an RBI-registered NBFC, they report all payment behaviors to credit bureaus (CIBIL, Experian, etc.). A default will severely damage your score. A settlement will mark the account as 'Settled', which stops further damage and allows you to rebuild your score later.
Yes. Once you hire AMA Legal Solutions, we send a legal representation letter to Northern Arc. This legally compels them to direct communication to us, significantly reducing the harassment and calls you receive.
Yes, we can consolidate your case handling. If you have loans from different apps where Northern Arc is the lender, we can approach them for a comprehensive settlement strategy.
Ideally, yes. OTS (One Time Settlement) works best with a lump sum payment. However, for larger amounts, we can negotiate a payment plan spread over 2-3 months, though this might slightly reduce the discount percentage.
The settlement letter MUST come from Northern Arc Capital or their authorized collection agency on official letterhead. We verify the authenticity of this letter before you make any payment to ensure you are not being scammed.
Common documents include bank statements showing low balance, termination letters, medical reports, or proof of business loss. These help us build a strong case to justify why you deserve a waiver.
Northern Arc is generally professional and quick with decisions. Once we submit a complete proposal, we can expect a response within 10-15 working days.
Immediately after settlement, it will be difficult to get unsecured loans. However, you can take secured loans (against gold or FD) to rebuild your credit score. After 1-2 years of good financial behavior, you can become eligible for normal loans again.
Do not ignore it. An arbitration award has the same power as a court decree. Contact us immediately so we can represent you in the arbitration proceedings and simultaneously push for a settlement.
NBFCs charge high penal interest and daily late fees. It is not uncommon for the debt to double in 6-12 months. Settlement is the only way to remove these inflated charges and pay a fair amount.
No, we are an independent legal firm representing YOU, the borrower. We fight for your rights and negotiate the best possible deal for you against the lender.

Don't Let Debt Define Your Life

Take the first step towards a debt-free future. Our legal experts are ready to fight for your settlement.

We Serve All States & Union Territories

Our loan settlement services are available across all states and union territories in India