Home mortgage After the loan is disbursed and the property is purchased, the EMI (Equated Monthly Installment) begins. For under-construction properties where the loan is disbursed in stages, it may also begin during the construction phase. The first EMI payment is usually due one month after the loan is disbursed and includes both the principal and interest component of loan repayment. During the loan application process, the EMI amount, loan tenure, and interest rate are determined based on the borrowers eligibility and repayment capacity.
