Personal Loan

[Babba]

I have a personal Loan with HDFC bank.
I have a salary account and. savings account with HDFC. My loan’s emi is debited from my savings account on 7th of every month. I was having balance in my salary accouny and forgot to transfer sufficient funds to savings account. EMI got debited and fund in savings account got in (-). I noted it in evening and immediately transferred money to the savings account.
I want to know will it be taken as EMI bounce and I will be charged some penalty and will the credit score be affected by this?

 

[TaxWiser]

I have a personal Loan with HDFC bank.
I have a salary account and. savings account with HDFC. My loan’s emi is debited from my savings account on 7th of every month. I was having balance in my salary accouny and forgot to transfer sufficient funds to savings account. EMI got debited and fund in savings account got in (-). I noted it in evening and immediately transferred money to the savings account.
I want to know will it be taken as EMI bounce and I will be charged some penalty and will the credit score be affected by this?

Yes, Private Banks never misses any chance of charging fees & penalties

Pro Tip: Set up a schedule Transfer from your salary A/C to Savings A/C to avoid this kind of situation again
Check out following video on YT regarding the same: