Builder Default? Your Home Loan EMIs Still Due! Protect Your Credit Score

• Builder's default or absconding does not exempt homebuyers from EMI payments.
• Banks hold borrowers responsible for home loans, even for stalled projects, regardless of property possession.
• Skipping EMIs severely damages credit score, hindering future loan approvals and credit access.
• Independent due diligence on property and builder is crucial before purchasing to mitigate risks.
• Clearing overdue EMIs is essential to repair credit history and secure new financing from lenders.

Why It Matters: Homebuyers must pay EMIs regardless of builder default to protect their creditworthiness.