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Never Miss your Car's EMI, Here's Why! #car #emi #loan
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If you skip your car's EMI payment, here's what's coming your way.
Miss the first EMI, and the bank will remind you to make the payment.
Miss the second, and the bank's recovery team will threaten to take your car away while demanding payment.
But if you miss the third, it's game over. Your loan will be declared NPA, and you'll have two options: settle the loan for less or sell your car to pay it off. Selling your car is the smarter choice since settling the loan will ruin your CIBIL forever. Don't let it come to this. Keep up with your payments.
#loan #EMI #car
Miss the first EMI, and the bank will remind you to make the payment.
Miss the second, and the bank's recovery team will threaten to take your car away while demanding payment.
But if you miss the third, it's game over. Your loan will be declared NPA, and you'll have two options: settle the loan for less or sell your car to pay it off. Selling your car is the smarter choice since settling the loan will ruin your CIBIL forever. Don't let it come to this. Keep up with your payments.
#loan #EMI #car
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