When do Home Loan EMI start-Banner_WC


Housing Loan EMI Payments What is an EMI_WC

Typically, lenders request that borrowers start paying their EMIs once the full loan amount is disbursed.

However, in scenarios when the Home Loan is disbursed in parts for an under-construction property, borrowers may be required to pay a pre-EMI. The pre-EMI comprises only the interest tallied on the principal amount and not a combination of both.

Borrowers are advised to keep up with their EMI payments to avoid defaulting on their Loans. This can be achieved by planning finances. For planning purposes, they can make use of online tools, such as the Home Loan EMI Calculator.

Your final EMI amount is determined considering the following factors:

  • Your Home Loan Amount: Your Home Loan amount or the principal amount is the basis on which the EMI payments are decided, as one of the two components of the EMI is the principal amount. 
  • Your Home Loan Interest Rate: The rate of interest at which you borrow the Home Loan also factors into your EMI account, as the second component of the payment is the interest accrued on your principal amount.
  • Your Home Loan Repayment Tenor: How long it takes to repay the loan decides the size of the EMI; if you choose a short repayment tenor, you end up paying a higher EMI amount but save on interest outflow. On the other hand, a longer repayment tenor ensures small EMIs, but for a longer duration – increasing your total cost of borrowing. 

The final EMI amount is calculated based on all the factors listed above. Before you make your Home Loan application, you can use the Home Loan EMI Calculator to get a tentative idea of how much you may have to pay as an EMI. The amount is calculated based on the inputs provided by you, such as your desired loan amount, interest rate and preferred repayment tenor.

Also Read: Know How to Calculate Home Loan EMIs

*Terms and conditions apply.

When do Home Loan EMI start-RelatedArticle_WC

When do Home Loan EMI start_PAC_WC

People Also Consider





PAM-ETB Web Content

Pre-Approved Offer

Full Name*

Phone Number*


Check Now


P1 CommonOHLExternalLink_WC

Apply Online For Home Loan
Online Home Loan

Instant Home Loan approval at just

Rs. 1,999 + GST*

Rs.5,999 + GST
*Non Refundable