The EMI for a home loan typically begins after the loan amount is disbursed. In the case of a property that is still under construction, the EMI is typically calculated based on the pre-EMI interest until the final disbursement. After the loan is approved, the first EMI payment date is usually communicated to the borrower, and the payment frequency can be monthly, bi-monthly, or quarterly, depending on the borrower preference. It is critical to make EMI payments on time in order to avoid penalties or payment default.
