What happens to joint loan if one person stops paying EMI?

In a joint loan, both co-borrowers are equally responsible for the full EMI, so if one person stops paying, the lender will still expect the full payment from the other person. Practically, the bank won’t “split the EMI” and wait. If the EMI gets missed, it will be reported as a delay or default on both credit profiles, even if only one person caused the issue. That can hurt both people’s credit scores and future loan eligibility. Recovery calls and notices can also go to both borrowers. The quickest fix is to ensure the EMI continues from any one account, and then sort the internal settlement between you two separately. If the situation looks long-term, talk to the lender early about restructuring, or explore options like changing repayment account, adding a new co-borrower (rare), or refinancing. Ignore mat karo, because joint loan issues escalate fast.