Personal Finance Is loan default the end of the road for borrowers? Updated : November 01, 2018 06:31 AM IST If the borrower is unable to pay up the EMIs for 90 days, he gets termed as a defaulter. The default would lead to cease access to credit and one may think that it is the end of the road. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.