Protium takes monthly EMIs and payments because of a mandate/standing instruction that allows us to auto-debit these payments from your loan account. If you were to cancel the existing mandate linked to your account, we would not be able to process any auto-debits from your bank account, which means you would have to make all further payments and dues manually. Any delay in making payments manually would lead to late payment fees and penalties charged to you and would adversely impact your CIBIL score.