Home Loan: If you are not paying the EMI of home loan then you will have to bear these 5 big losses..
Shikha Saxena July 04, 2025 09:15 PM

Home Loan Rules: Whenever you go to the bank to take a home loan, the bank completes a long process. After this, the loan is given by fixing the EMI to be paid every month (home loan repayment rules). If a loan holder is unable to repay it, then he has to face 5 major losses. Banks have also set rules for those who do not repay the EMI (Loan EMI Rules). Let us know what problems you will have to face if you do not pay the loan or EMI.

1. CIBIL score will go down -

If a loan holder (loan holder's rights) misses the EMI of the home loan, then their loss is certain. First of all, in this situation, the CIBIL score of the loan holder (low Cibil score reasons) will be spoiled. Other banks also do not give him a loan again.

2. Be ready to pay a penalty -

The bank wants the loan holder to deposit the EMI (loan EMI rules) regularly every month. If this is not done, the bank imposes a penalty. If you miss EMI continuously (penalty on EMI bounce), then you will have to pay the penalty again and again, which will cost you a lot. Apart from this, the bank can take many steps.

3. Property auction will come to a point-

Missing a home loan EMI is not a small matter. This can lead to the house being auctioned (property auction rules). While giving a home loan in the beginning, the bank collects the property documents of the borrower to keep it mortgaged. When EMI is not paid, the bank (bank loan news) auctions that property.

4. Trouble will increase due to legal action-

When a borrower does not pay three-four consecutive EMIs of a home loan (home loan EMI), then the bank can also take legal action (legal action on EMI bounce) against the borrower. Due to this, the borrower can get into legal trouble.

5. Cannot get the loan transferred -

The borrower also has the option to get the loan transferred (how will the loan transfer be done). This is possible only when the loan EMIs are paid on time. If these are not paid, the loan cannot be transferred (loan transfer rules). The reason for this is that every bank starts considering your financial condition as weak. In such a situation, your loan transfer application can be rejected.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.

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