Why is a loan marked as 'Closed' even though I haven't received the full repayment?

Modified on Mon, 13 Oct at 12:55 PM

If no EMI has been received for 120 days after the due date, the loan is marked as an NPA (Non-Performing Asset) and considered closed for reporting purposes — even if the repayment wasn’t fully received.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article