Article · 6 min read
Home loan nightmare: What to do when you lose your job and are drowning in EMIs
Business Today (with Animesh Hardia) · Business Today Free Beginner India
When your salary stops and a 90,000-a-month EMI does not, this is the playbook for not wrecking your CIBIL score in the gap. It is built around a real case (a borrower whose EMI-to-income ratio hit 70 percent) and gives the exact moves: talk to the lender before you miss a payment to get a moratorium or a restructure (lower EMI, longer tenure) so the miss is not marked as default, spend the emergency fund with EMIs as the top priority, and never go silent, because that is what triggers NPA classification and a CIBIL hit. This is the how-to behind the answer's warning that a bounced EMI at the wrong moment can block your next raise.
- Call your lender before you miss an EMI: a formal moratorium or restructure pauses payments without marking you as a defaulter on CIBIL.
- Deploy your emergency fund with EMIs as the first claim, and keep the EMI-to-income ratio under 35 percent when you rebuild.
- Going silent on the lender is the mistake that triggers NPA classification and a credit-score hit that outlasts the cash crunch.
