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Loan EMI Bounce: People take loans when needed but it is very difficult to repay their EMI on time. The first effect on the loan holder due to not being able to pay the loan installment is related to his CIBIL score. The CIBIL score gets spoiled when the loan EMI is missed. After this, it becomes difficult to get a loan in the future. In such a situation, continuous EMI bounce is a dangerous signal for the loan holder.

If you are also facing a challenge in paying the loan EMI, then do these 4 things quickly and repay the loan easily while preventing the CIBIL score from falling.

Put your point in front of the bank manager-

If you are facing any problem in paying the loan EMI (EMI bounce hone par kya kre), then you can meet the bank manager and make your point. You can tell the manager the reason for the inability to repay the loan. You can also clarify that you are not doing this intentionally but it is happening due to compulsion.

Inform the bank manager about the correct situation and he can understand your situation and compulsion and provide relief. By giving assurance of paying the installment on time, you can also get relief from a penalty (Penalty on EMI bounce).

Make this request for CIBIL Score -
If one or two installments are missed, it is not recorded in the CIBIL score report, because after three months the bank sends your credit report forward. Therefore, before the third installment bounces, go to the bank (bank news) and talk and ensure to pay the installment on time.

If you pay the previous installments during this time, it will be better for you. Also, request the bank manager not to send a negative report (cibil score report) regarding your CIBIL score. If the CIBIL score is bad, it will be difficult for you to get a loan in future.

You can hold EMI-

Whenever you feel that you do not have the money for some time and are not able to pay the loan installment, when the money is arranged, you will pay it. In such a situation, you can go to the bank (bank loan) and put your point. You can apply to hold your installment for some time (EMI hold rules). As soon as the money is arranged, you can get relief by paying it.

Choose the option of arrear EMI-

Many people get their salary at the beginning of the month, while many get it in the last week. EMI usually has to be paid at the beginning of the month, it is called advance EMI.

In such a situation, if you are not able to pay the EMI on time due to late salary, then you can change it according to the time of your salary and choose the option of arrear EMI. For this, you can talk to the bank manager.

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