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

#47050
samkapoor77
Keymaster

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.