- APR 25 2022

What if I default on my scheduled Personal Loan EMIs?

In case you miss your scheduled personal loan EMIs and are unable to make future payments on your personal loan, the company initially make attempts to recover the due amount through settlements and recovery agents. If such attempts fail and your loan account is marked as a default, this personal loan will show up on your credit report as a default, which will adversely affect your credit score and make it difficult for you to get approval for loans and credit cards in the future.