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Missed EMI


What Happens If I Miss an EMI? A Missed EMI is not the End of the Road, Borrower Action Plan for Damage Control
Missing an EMI can trigger penalties, extra interest, and a drop in your CIBIL score. But quick action can minimise damage. Pay the overdue amount, speak with your lender, reschedule EMIs if required, and set up auto-debit. With consistent payments, your credit score can fully recover in 3–6 months.
Pooja Parvatkar
1 day ago2 min read
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