Pre-bee or full EMI: Know the difference between the two before taking a home loan, will be in profit

Pre-bee or full EMI: Know the difference between the two before taking a home loan, will be in profit Khelja | 17/03/2025 14:21:26

It is everyone's dream to buy your house. If you have ever talked to a builder or bank to invest in under construction property, then you must have heard the words full-me and Pre -mi many times. Today we are going to tell you the difference between these two through this news.

Pre -mi, the builder starts as soon as the first payment of loan starts. When you select the option of 'pre-EMI', the loan is divided into several stage based on the formation of the property. But you will have to pay interest on the given amount and the flower repair will start only when you take the property.

Principal and Interest

Let me tell you, EMI includes both principal and interest. Once your builder is given a cupplator loan amount dysber number by the bank, then your EMI starts.

At the same time, when you take a loan for a property, the EMI found after its possession includes both the principal and the interest called full EMI.

Pre-EMI

Simple interest is installed on EMI. If you have taken a loan of 50 lakh rupees and before getting the possession, the builder has got 5 lakh rupees and the interest rate is 7.5%, then now these 5 lakh rupees will be 7.5 percent. That is, Rs 37,500. Now you run away in 12 months and your monthly EMI is 3125 rupees.

EMI installment

If after 6 months, the builder again gets a payment of Rs 5 lakh, then 3125 rupees will be added and its EMI will be 6250 rupees. As you keep paying the builder, then your EMI will continue to join the installment.

The biggest disadvantage of 'Pre-EMI' is that your interest payment will be more than the 'full EMI' option.

Your monthly payment will also be long as your loan period starts officially only when you take the property.

What is full EMI

'Full EMI' is the one that you have to pay after receiving the entire loan amount. These include both interest and the original amount. These EMIs continue until the loan is completely repaid. 'Full EMI' usually begins after completion of property construction and home loan borrower.