Let me tell you what is no pre EMI in housing loan?
No Pre-EMI is a home loan feature where borrowers do not pay any interest during the under-construction phase of their property. Instead, the loan principal and interest are repaid only after the construction is complete and the property is ready for possession.
This option is beneficial for homebuyers who do not want to bear the financial burden of monthly interest payments (Pre-EMI) while waiting for their home to be constructed.
Under a No Pre-EMI scheme, the lender disburses the loan amount to the builder in installments as construction progresses, but the borrower’s repayment begins only after full disbursement and possession.
Unlike Pre-EMI, where borrowers pay only interest during construction, No Pre-EMI defers all repayments, making it easier for those who may not have immediate cash flow but can manage EMIs later.
However, since interest keeps accumulating during construction, the overall loan cost may be higher compared to Pre-EMI. This option suits salaried individuals or investors who prefer delaying payments until they receive rental income or occupancy.
Builders and lenders often promote No Pre-EMI schemes to attract buyers, but borrowers should compare interest calculations and loan terms before choosing.
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What is the difference between pre emi vs full emi?
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What Is No Pre EMI In Housing Loan?
ruchi
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7 months
2025-05-30T06:51:18+00:00 2025-05-30T06:51:20+00:00Comment
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