What Happens If a Student Misses an EMI? Penalties, CIBIL Impact & Fixes
Taking a loan as a student can help manage education expenses, emergency costs, or other important needs. But borrowing also comes with a responsibility: paying every EMI on time.
If a student misses an EMI, the consequences can go beyond simply paying the instalment later. Depending on the lender and loan agreement, the borrower may face late payment charges, EMI bounce charges, additional...
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