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Home / Finance / Personal Loan / How can I Reschedule my Personal Loan Repayment?
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How can I Reschedule my Personal Loan Repayment?

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0 2023-10-12T08:10:57+00:00

As per my knowledge, for some people, modifying the date of your personal loan EMI might be a challenging task because it involves terminating your current payment mandate and creating a new one. Keep in mind that each lender adheres to certain guidelines regarding date changes for personal loan EMI. 

  • It's crucial for you to go over the terms and circumstances of the loan arrangement in order to comprehend your possibilities for a new date. 

  • Next, get in contact with the lending company to let them know the need for an EMI date adjustment. You can accomplish this by going to your local branch, giving the lender's 24 hour customer service a call, or sending a written request to the manager for a modification in the EMI date on your personal loan.

  • You will need to submit a new ECS mandate form with the updated EMI due date for ECS if your personal loan lender approves the date modification application.

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