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Home > Forum > Delhi > Home Loan > What is EMI and Pre EMI

What is EMI and Pre EMI

Q: What is the difference between this two

loan
home loan
emi
emi
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Delhi Home Loan Home Loan in Delhi
Replies (5)
1
EMI is an unequal combination of the principal and interest.
Srishti


2
This is usually paid till you take possession of the home.
Amit


3
Pre emi is paid during the construction period?
Sujit


4
Pre EMI is a part of the EMI which is defined as simple interest that one pays on the loan amount till the EMIs start.
Sukhwinder Kher


5
Equated Monthly Installment or EMI can be defined as a fixed payment
amount levied by a lender from a borrower at a specified date of each
calendar month.
Sunil Sharma


6

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