Stashfin Loan Settlement Guide 2026
Stashfin is one of India's popular loan apps, operated primarily by **Akara Capital Advisors Pvt Ltd**. While they offer quick credit, they are also known for aggressive recovery tactics. If you are stuck in a debt trap with Stashfin, you have legal rights.
Many borrowers face harassment, fake legal notices, and threats of police action. This guide will help you understand how to safeguard yourself, stop the harassment, and negotiate a **One Time Settlement (OTS)** to close your loan for a reduced amount.
Is Your Stashfin "Legal Notice" Fake?
Recovery agents often send scary messages on WhatsApp claiming to be "Cyber Crime Police" or "Delhi Court". 95% of these are fake. Here is how tospot them:
| Indicator | FAKE (Scam) | REAL (Legal) |
|---|---|---|
| Sent From | Random 10-digit Mobile No. | Official Handle / Registered Post |
| Language | "Arrest Warrant Issued", "Police coming" | "Demand Notice u/s 25", "Arbitration Ref" |
| Letterhead | Blurred logo / "Cyber Crime" logo | Clear Akara Capital or Law Firm letterhead |
| Time Limit | "Pay in 30 mins or jail" | "Reply within 7-15 days" |
Stashfin (Akara Capital) OTS Policy
Stashfin allows settlement for loans that are overdue (typically 90+ days). The settlement is officially done with **Akara Capital Advisors Pvt Ltd**, the NBFC behind the app.
- Waiver Potential: High. App loans often have high interest/penalties, which can be waived. Expect to pay **40-60%** of the principal in worst cases, or principal + some interest.
- Documents: You must insist on a formal **Settlement Letter** from Akara Capital before paying.
- Payment Mode: Pay only within the Stashfin App or to the official bank account mentioned in the letter. NEVER pay to a personal UPI ID sent on WhatsApp.
Step-by-Step Settlement Process
Stop "Micro-Payments"
Agents will ask for ₹500 or ₹2000 to "hold" your file. Do not pay this. It is wasted money and does not reduce your principal.
Ignore Harassment
If they call your relatives, tell your relatives it is a scam/fraud call. Do not engage with abusers. Record the calls.
Email Proposal
Send a formal settlement offer to **cofficer@akaracap.com**. State your financial inability clearly.
Close & Get NDC
Upon payment, ensure the loan is marked closed on the app within 48 hours and get the No Dues Certificate.
Legal Action vs Empty Threats
Can Stashfin really take you to court?
What They THREATEN (Fake)
- Immediate Police Arrest.
- Freezing all your bank accounts today.
- Sending recovery team to your office to shout.
- Calling every person in your contact list.
What They Can ACTUALLY Do
- Send a legal demand notice.
- Start **Arbitration** proceedings (rare for small amounts, used for larger loans).
- Report "Written Off" to CIBIL, ruining your score.
Settlement Email Format
Use this template to email **cofficer@akaracap.com**.
Subject: Settlement Offer for Loan ID [YOUR_LOAN_ID] - Financial Hardship
To the Nodal Officer (Akara Capital),
I am writing regarding my loan (ID: [NUMBER]). I have lost my job/income source and am unable to pay the EMI.
Your recovery agents have been harassing me and my family, which is against RBI guidelines. I am ready to file a formal complaint if this continues.
However, I want to close this matter amicably. I can arrange Rs. [OFFER_AMOUNT] from a friend to settle this loan as a One Time Settlement. This is the maximum I can pay.
Please issue a formal settlement letter for this amount so I can make the payment and close the loan.
Regards,
[YOUR_NAME]
[PHONE_NUMBER]
Grievance Redressal (Nodal Officer)
If you face abuse, contact list hacking, or fake legal notices, escalate immediately to the Nodal Officer of Akara Capital.
| Role | Details |
|---|---|
| Name | Mr. Amarjeet Singh |
| cofficer@akaracap.com | |
| Phone | 0124-6981223 |
| Address | Unit Nos. 1801-1805, 18th Floor, Magnum Global Park 2, Sector 58, Gurgaon – 122011 |
Why Choose CredSettle?
Stop Calls
We redirect all agent calls to our legal team.
Contact List Protection
We take legal action if they harass your references.
Authentic Settlement
We ensure you get a valid Akara Capital letter, not a fake one.
Zero Risk
Pay our fee only after you receive the settlement letter.
User Experiences
"Stashfin agents were calling my office colleagues. I was suicidal. CredSettle legal team sent a notice to them, the calls stopped, and I settled for 50%."
"Received a fake police warrant on WhatsApp. CredSettle verified it was fake and helped me negotiate a proper closure."
Frequently Asked Questions
Can I settle my Stashfin loan?
Yes, Stashfin (Akara Capital) allows settlement for defaulted loans. You typically need to be in default for over 90 days to get the best waiver offers.
Will Stashfin send police to my house?
No. Loan default is a civil matter, not a criminal one. Police cannot arrest you for unpaid EMIs. Agents who threaten this are violating RBI guidelines.
How much discount can I get on a Stashfin loan?
Discounts usually range from 30% to 60% of the total outstanding amount. The waiver depends on how long the loan has been unpaid and your negotiation.
Does Stashfin harass contact list numbers?
RBI strictly prohibits accessing or calling your contact list. If Stashfin agents harass your relatives, you can file a cyber crime complaint and complain to the RBI Ombudsman.
Who is the Nodal Officer for Stashfin?
Mr. Amarjeet Singh is the Nodal Officer. You can contact him at cofficer@akaracap.com or 0124-6981223.
Is the 'Court Summons' on WhatsApp real?
Most 'Court Summons' sent via WhatsApp with urgent threats of arrest are FAKE. Real notices are sent via registered post or official email.
What is an NDC letter?
NDC stands for No Dues Certificate. It is the final proof that your loan is closed. Never make the final settlement payment without seeing a draft of the Settlement Letter first.