1st emi due in 200 payments
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Emi of his loan deducts on 29 ..by chances my friend forgot to put money in his bank account , today is 30, now he has put emi amount.. please share the consequence.
1 when will emi be deducted?
2 impact on credit report? .
And anything.. please help
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https://www.desidime.com/comments/permalink/10376197
There will be around 500- 600 charges by Bank on EMI bounce , Lender will also put fine on late pay around 500-600 ..They will again present EMI today or tomorrow if not than pay manually
Bank or NBFC may not report , and ignore first missed payment ... but if they report Credit score will be hit by atleast 60-70 points , and there will be cibil addition of late payment entry in cibil
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just pay directly on the official website of loan issuer