If you go past an EMI repayment due date:

• Late fees get charged on the outstanding amount

• Missing an EMI repayment will impact your credit score

If EMI is due:

• For less than 30 days: 2% on the overdue portion
• Between 31-60 days: 2% on overdue portion + 0.5% additional penalty charges
• Between 61-90 days: 2% on overdue portion + 1% additional penalty charges
• Over 91 days: 2% on the entire outstanding balance