BusinessPhoto: News18 BusinessPenalties and Credit Impact of Missing a Personal Loan EMI
Missing a personal loan EMI is common due to salary delays, technical glitches, or auto-debit failures. While missing one instalment isn't a financial crisis, it incurs late fees or penal interest from banks and NBFCs, increasing the outstanding balance. Delays are reported to credit bureaus, lowering credit scores and making future loans costlier or harder to get. Transparent communication with lenders is advised.
News18 Business·


