Clear your overdue EMI
Clear your overdue EMI today – stop penalties & fix your credit
*Overdue charges include penalty interest and bounce fees as applicable. T&C apply.
In Summary
CIBIL Impact of Missed EMIs
Missing a personal loan EMI doesn't trigger one single consequence, it starts a progression, and the consequences genuinely compound the longer the amount stays unpaid, so what matters most is how quickly you act, not which specific day threshold you are currently at.
- The clock starts on day 1, not after some informal grace period. Your EMI is overdue the moment it's missed, penal charges and account consequences can begin accruing immediately, not after a few days of leeway
- Paying your next EMI doesn't erase an earlier missed one. These are treated as separate amounts, clearing your current instalment doesn't automatically resolve a prior overdue balance
- 90 days is a regulatory threshold, not an automatic trigger. NPA classification can apply once that point is reached, but it depends on your loan terms and the applicable framework, not a single missed payment alone
- A quickly resolved missed EMI can still leave a trace. Even if you pay before your next due date, the earlier delay may still be reflected depending on your lender's reporting cycle
If you've missed a personal loan EMI, check your loan account immediately regardless of how many days it's been, and clear the overdue amount as soon as you're able, acting on day 1 is always in a stronger position than waiting to see what happens at prolonged duration.
What happens on day 1 after missing a personal loan EMI?
On day 1, an unpaid personal loan EMI becomes overdue and should be addressed promptly to prevent the account from remaining unpaid. A missed EMI can occur because of insufficient funds, a failed NACH mandate, a banking issue or another payment problem. The reason for the missed payment does not by itself cancel the repayment obligation. Check your loan account as soon as you notice that the EMI has not been received. If the amount is available, clearing the overdue instalment promptly can prevent the account from remaining unpaid for longer. Applicable penal charges may be levied for default in repayment, subject to the loan's terms. RBI guidance states that penal charges for non-compliance with material loan terms must be reasonable, disclosed to the borrower and should not be capitalised.
What happens from day 2 to day 30 after an EMI is missed?
From day 2 to day 30, the EMI remains overdue until the required payment is received, while continued non-payment can increase the consequences of the default. During this period, the borrower should focus on resolving the overdue amount rather than waiting for the next EMI cycle. The applicable loan terms determine the charges and other account-level consequences.
At this stage, borrowers should:
- Check the current overdue amount.
- Confirm whether the original EMI debit failed or remains pending.
- Arrange funds to clear the overdue amount.
- Review any applicable charges shown on the loan account.
- Keep the payment confirmation after making the payment.
- Contact the lender through official channels if you cannot make the payment.
RBI's penal-charge framework distinguishes penal charges from regular interest and states that default in repayment may attract penal charges, where applicable, under the lender's policy and loan terms.
What happens between 31 and 60 days of missed EMI?
Between 31 and 60 days, continued non-payment means the overdue amount remains unresolved and can increase the risk of adverse credit and account-level consequences. Treat a missed EMI that remains unpaid differently from a short payment delay that has already been resolved. The longer the amount remains outstanding, the longer the account stays overdue.
At this stage, borrowers should:
- Check the latest loan statement and total overdue amount.
- Confirm whether any payment has already been credited.
- Arrange payment of the overdue amount where possible.
- Contact the lender if you cannot pay the full amount right now.
- Keep records of service requests and payment transactions.
Do not assume that making the next scheduled EMI alone will automatically clear an earlier overdue amount. Check the loan account to understand the amount required to regularise the account.
What happens between 61 and 90 days of missed EMI?
Between 61 and 90 days, continued non-payment represents prolonged delinquency and requires immediate attention to prevent further escalation. At this stage, the overdue amount may continue to affect the borrower's repayment record, subject to applicable reporting practices. Additional follow-up on the outstanding dues may also occur under the loan agreement and the lender's processes.
If you cannot clear the overdue amount in full, contact the lender through an official channel and explain the repayment position. Any alternative repayment arrangement, if available, depends on the lender's assessment and applicable terms. Do not assume that a missed personal loan EMI automatically results in immediate legal action. Any recovery or legal process must follow the applicable loan agreement, law and regulatory requirements.
What happens if a personal loan EMI remains unpaid for prolonged duration?
A term loan may be classified as a Non-Performing Asset when interest or principal remains overdue for prolonged duration, subject to applicable regulatory norms. RBI's prudential framework defines an NPA for a term loan when interest and/or principal instalments remain overdue for prolonged duration. NPA classification is a regulatory asset-classification outcome and should not be treated as an automatic consequence of a single missed EMI. If an account remains unpaid for a prolonged period, the borrower should not wait for it to reach the NPA stage before taking action. The next step is to review the outstanding amount and contact the lender through official channels.
The consequences of prolonged non-payment can include:
- Continued outstanding dues under the loan account.
- Applicable charges according to the loan terms.
- Adverse repayment information in credit records.
- Further collection or recovery processes where applicable.
- Potential NPA classification when the applicable regulatory threshold is met.
The exact action depends on the account, loan agreement, repayment history and applicable legal and regulatory framework.
How can you clear a missed personal loan EMI online?
A missed personal loan EMI can be addressed online by checking the loan account, reviewing the overdue amount and using the available payment facility. Bajaj Finance's current service information provides online options to manage overdue personal loan payments through the customer portal and app.
Through the Bajaj Finance App or My Account
- Sign in using your registered mobile number and OTP.
- Open the relevant personal loan account.
- Check the loan statement and overdue amount.
- Select the available option for missed instalments or other overdues.
- Review the amount payable before proceeding.
- Complete the payment using an available payment method.
- Save the transaction confirmation and payment reference.
- Check the loan account again to confirm the payment status.
The available payment options and account features may vary by loan type and account status. Use the current amount shown on your loan account rather than an earlier calculation. Bajaj Finance states that successful online payments generate a payment reference and that you can check payment history through My Account.
What should you do if you cannot clear the missed EMI?
If you cannot pay the overdue personal loan EMI, contact the lender promptly instead of allowing the overdue amount to continue accumulating. A borrower who cannot immediately clear the full overdue amount should first confirm the exact outstanding amount and understand the options available for the specific loan account.
Keep the following information available when raising a service request:
- Loan account details.
- Latest loan statement.
- Details of any payment already made.
- Bank transaction reference, where applicable.
- Relevant communication relating to the payment issue.
Do not assume that a request for a waiver, settlement, repayment change or restructuring will be approved. Such outcomes depend on the applicable assessment, terms, and approval process. Addressing a missed EMI early gives you a clearer view of the amount due and the steps available for bringing the account up to date. Do not leave continued non-payment unresolved, as the consequences can grow as the overdue period increases.
Related Banking & Financial Guides
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Frequently Asked Questions
Payment Issues and Resolution
Credit Impact and Prevention
What should you do if an EMI is missed due to a bank error?
Check your bank account and loan statement to confirm whether the EMI was debited or remains unpaid. If a banking error caused the issue, retain transaction evidence and contact the lender and bank through official channels for clarification.
What happens if the missed EMI is paid before the next due date?
Paying the missed EMI promptly can prevent the overdue amount from remaining unpaid for longer. However, the account may still reflect the earlier delay depending on the lender's reporting cycle and applicable credit information reporting requirements.
What should you do if you accidentally pay the same EMI twice?
Check your loan account and payment records to confirm both transactions. If the lender received two payments, contact them through an official channel to understand how they adjusted the extra amount against your loan.
What should you do after receiving a reminder for an overdue EMI?
Check the loan account to verify the outstanding amount and payment status. If the EMI remains unpaid, make the payment through an authorised channel, or contact the lender promptly if you cannot clear the dues.
What should you do if the overdue amount shown on the account seems incorrect?
Compare the displayed amount with your loan statement, payment receipts and bank transaction records. If there is a discrepancy, contact the lender through an official channel and retain the service request or complaint reference for follow-up.
When should you contact the lender about a missed personal loan EMI?
Contact the lender as soon as you identify that an EMI has not been received or credited. Early communication can help you confirm the outstanding amount, understand the account status and identify applicable options for addressing the overdue payment.
How can you check whether a missed EMI has been reported?
Review your latest credit report and compare the repayment information with your loan statement and payment records. If you find an incorrect overdue or repayment entry, raise a correction request with the relevant credit information company or lender.
How can you avoid missing future personal loan EMIs?
Maintain sufficient funds in the linked account before the EMI due date and monitor your repayment schedule. Also check that your NACH mandate or other authorised payment arrangement remains active and contact the lender if any payment issue occurs.
Does paying an overdue EMI remove the missed payment from your credit history?
Paying the overdue EMI resolves the outstanding payment, but it does not necessarily remove previously reported repayment information. If the information was reported accurately, the historical record may remain in your credit history.
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