What If Repayment Stops?
Missing an EMI isn’t just a “delayed payment”; it is a Breach of Contract. The moment you stop paying, the bank moves your file from “Customer Service” to “Asset Recovery”.
- The SMA Timeline: Your account is marked as a Special Mention Account (SMA) the very next day.
- The 90-Day Cliff: If repayment stops for 90 days, you are classified as an NPA (Non-Performing Asset), triggering aggressive legal action.
- Financial Exile: A default can drop your credit score by 80 points and remain on your report for 7 years.
Watch this video to understand the “Point of No Return” and how to stop the default spiral before it starts.