What if a default is done in paying back my business loan?
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  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors

A bounce on business loan EMI will lead to the following:  

1. Attract penalties  

2. Impact on the credit score  

3. At the event of the sustained bounce, the chances of getting calls from collection agencies soar high and more importantly, it can lead to financers refusing to extend any kind of credit facility to you in future hence, it is important to ensure that the EMIs are being paid in time.   

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