Need A Financial Product › Forums › Loans › Will my CIBIL be affected due to one bounced EMI › Will-my-CIBIL-be-affected-due-to-one-bounced-EMI_REPLY
August 28, 2014 at 6:36 am
#47050
samkapoor77Keymaster
A single default does not impact much on CIBIL. However, multiple defaults will definitely harm your score. And the delay will not be by one day, banks hardly try on the very next day. They try after 6-7 days. In addition, you will be charged bouncing charges.