Buying Home: Understanding the “No EMI till Possession” Scheme

Buying a Home: Understanding the 'No EMI till Possession' Scheme

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Buying a Home: Understanding the 'No EMI till Possession' Scheme

2 min 19 Mar 2025

Highlights:

What is 'EMI Holiday'
Key Features of an ‘EMI Holiday’ Scheme
Things to Consider Before Choosing a 'No EMI till Possession' Scheme

Understanding the various schemes available with a Home Loan can help in making the loan journey smooth. One such scheme is the'EMI Holiday’ scheme. Let's read into what this entails and its implications for homebuyers.

What is 'EMI Holiday'?

‘EMI Holiday’ is a tailored program that helps you manage your finances during the early months of your loan tenure.

Key Features of 'EMI Holiday' Scheme

No EMI repayments during the under-construction period up to:

• 3 months
• 6 months
• 9 months
• or up to 12 months

Your Pre-EMI or Regular EMI starts once the EMI Holiday period ends.

Note: It is offered on select Company approved projects. EMI Holiday period may vary based on projects.

Important to Know

•   EMI Holiday is not an interest waiver
•   Your total loan tenure may adjust as per the EMI Holiday duration
•   It is offered on select projects approved by the Company

‘EMI Holiday’ can provide homebuyers with the opportunity to manage their financial commitments efficiently during the property’s construction. By understanding its features and terms, buyers can make well-informed decisions that support their homeownership goals. With the right planning, this scheme can be a beneficial way to ease into home loan repayments while ensuring financial stability.

Please note that loan interest gets capitalised during EMI Holiday period, and it is not an EMI waiver. Finance at the sole discretion of Bajaj Housing Finance Limited.

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