Late EMI payments can negatively affect your CIBIL score. The impact depends on the delay, your previous credit history, and other factors. If a payment is reported as 30 days or more overdue, it may significantly reduce your CIBIL score. Paying EMIs on time helps maintain a healthy credit profile.
Yes, many banks and NBFCs allow borrowers to change their EMI due date. However, this depends on the lender's policy and loan terms. Some lenders may charge a fee for this service. It is advisable to check the applicable rules and charges with your bank before requesting a change.
