When your EMI payment bounces (for example, due to insufficient funds in your bank account), your bank or lender usually charges a penalty fee. This is called an EMI bounce charge.
Here’s what to know:
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The fee amount varies from bank to bank, but typically it can be anywhere from ₹200 to ₹500 (sometimes even higher, depending on the lender).
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On top of this, your bank might also charge you an extra fee for the dishonored cheque or ECS debit—often around ₹200–₹500 as well.
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Missing your EMI can also lead to late payment fees or extra interest charges, adding to the overall cost.
Why does this matter?
Apart from the extra fees, frequent EMI bounces can hurt your credit score because they show lenders you’re not managing repayments well. It’s important to make sure your account has enough funds on the EMI due date to avoid these charges and protect your credit.
If you’re worried about repeated EMI bounces, talking to your lender—or getting advice from professionals like Legals365 and Advocate B K Singh—can help you find a way to restructure your payments or explore other options so you’re not stuck in a cycle of fees.
Let me know if you’d like to see typical EMI bounce fees from major banks—I’d be happy to pull that together!
Learn more and get the expert support you deserve:
Visit: www.legals365.com
Call: +91 9625961599
Questions? Advocate B.K. Singh and the team are here to support you!
