Important Steps to Follow to Avoid Missing Personal Loan EMI

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Whether you forget to pay your EMI on time or have a scarcity of funds, missing a loan EMI is detrimental to your credit health and leads to unpleasant repercussions. Below, find a few steps to avoid missing Personal Loan EMIs.


  • Before borrowing a Personal Loan, use a Personal Loan EMI calculator to check the monthly EMI amount and select a loan term with easily affordable EMIs. Most lending institutions provide a Personal Loan EMI calculator online to facilitate aspiring borrowers.

  • Keep a buffer between the actual EMI and how much you can afford to pay each month. It will save you from missing the EMI in the case of a financial emergency.

  • Keep some part of the income each month to build an emergency fund. It will come to the rescue during unforeseen circumstances.


Using a personal loan EMI calculator to select a loan tenure with affordable EMIs is a crucial step to avoiding missing EMIs. You can also activate e-mandate to automatically pay the EMI before the due date and ensure timely payment.

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