EMI bouncing of loan means a direct negative impact on the CIBIL score. Many times, due to financial needs, one has to take a personal loan (personal loan tips), car loan or home loan etc., but some reasons are such that the loan holder is unable to pay the EMI .

When this happens, the CIBIL score of the customer is not only affected, but the loan holder also has to face many types of actions of the bank. To avoid all these problems and to prevent the CIBIL score (how to improve cibil score) from getting spoiled, you must do these 4 things.

1. Reach the bank and tell your whole story-

Whenever you are unable to pay the loan EMI (loan EMI repayment Tips), then you should go to the bank and ask for a solution. If the loan EMI has been missed due to some compulsion, that is, you have not done it intentionally, then tell this to the bank manager. Also, assure that from now on all EMIs (EMI Bounse hone par kya kre) will be paid on time by you. After presenting the entire matter correctly, the bank manager can solve your problem and you can also be saved from penalty.

2. Do this work before two installments bounce-

The third consecutive installment of any loan bouncing means that your CIBIL report will be sent forward by the bank and your CIBIL score (cibil score update) will be disturbed. Therefore, it will be better if you go to the bank and put the matter before two installments bounce.

Along with this, you should also tell the way to pay the previous installments and pay the third installment on time. You can save your CIBIL score from getting spoiled by requesting the manager not to send the negative report of CIBIL score (cibil score report) forward.

3. Apply for EMI hold -

If you feel that the money will not be arranged on the date of EMI (EMI new rules), but the money will be arranged later, then till then you should apply for EMI hold (how to hold loan EMI). For this also you will have to talk to the bank manager informing him about the situation.

4. Arrear EMI is a relief option-

When there are chances of EMI bouncing due to your late salary, then arrear EMI can be a relief option for you. You should fix the date of paying EMI (Loan EMI repayment rules) as per the date of your salary every month. You can apply and take the option of arrear EMI. By getting the option of arrear EMI (arrear EMI rules), you can pay the loan installment even at the end of the month.

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