What happens if NACH mandate fails is a common question for loan customers. If a NACH payment fails, it may lead to late payment charges, EMI delay, and impact your repayment record. Sk Finance Limited advises customers to keep sufficient bank balance and check mandate details properly to avoid payment failure and maintain a smooth loan repayment process. https://www.skfin.in/blog/nach-mandate-setup-charges-penalties-for-loan-payments