What one bounced EMI actually costs you
Bounce charges are the small part. The bureau entry is the expensive part.
3 min read
What you need to know
A single dishonoured EMI brings a bounce charge from both banks and a penal charge from the lender, typically ₹500-1,500 in total. The lasting cost is the DPD marker on your credit report, which stays visible for 36 months and is read closely by every future underwriter.
If money will be short, call the lender before the due date. A deferment agreed in advance is reported very differently from a bounce.
Continue your research
Use this guide alongside our product details and eligibility criteria before choosing a lender.
Frequently asked questions
What is the main takeaway from “What one bounced EMI actually costs you”?
Bounce charges are the small part. The bureau entry is the expensive part.
What should I check before acting on this credit score guide?
Review the practical points in the guide against your income, obligations, documents and lender requirements.
Can the information in this guide guarantee loan approval?
No. It is general educational information. A bank or NBFC makes the final decision after checking your credit profile, repayment capacity, documents and the applicable product policy.
How can iFINTRUST help after I read this guide?
An iFINTRUST advisor can review your requirement, explain the documents normally requested and help you compare suitable lending options before you apply.