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