Builder Defaults? You Still Must Pay Home Loan EMI, Warn Banks

• Home loan EMIs continue even if builders abscond or projects stall, despite not receiving the house.
• Banks are not responsible for builder's faults or legal disputes; borrowers must repay the loan.
• Defaulting on EMIs severely damages credit scores, affecting future loan and credit card eligibility.
• Buyers are advised to conduct thorough due diligence on property and builder before loan approval.
• Ignoring EMIs can lead to significant future problems; continuing payments while pursuing legal options is recommended.

Why It Matters: Builder issues don't stop home loan EMIs; non-payment damages credit and future finances.