What is the Difference Between Pre-EMI and EMI at Birla Evara?
If you're planning to buy a home at Birla Evara, Sarjapur Road, and are considering a home loan, you may come across two terms: Pre-EMI and Full EMI. Many first-time buyers are unsure what these terms mean and how they affect monthly payments.
In this guide, we'll break it down simply so you can make an informed choice that suits your finances.
Pre-EMI stands for Pre-Equated Monthly Installment.
This is the interest you pay on the loan disbursed in parts during the construction phase of a property.
At Birla Evara, if you book an under-construction flat, the builder receives your loan in stages (e.g., for foundation, structure, and finishing). You don't start repaying the full loan immediately.
You pay only interest (Pre-EMI) on the amount disbursed so far.
The principal repayment starts only after possession.
Full EMI means you start repaying both the principal and interest from the very first loan disbursement — even if the apartment is still under construction.
So, whether the builder has used ₹5 lakhs or ₹50 lakhs of your sanctioned loan, you pay EMI on the entire sanctioned loan from Day 1.
| Feature | Pre-EMI | Full EMI |
|---|---|---|
| Starts When | On part loan disbursement | On first loan disbursement |
| Covers | Only interest | Principal + Interest |
| During Construction | Lower monthly outgo | Higher monthly outgo |
| After Possession | Full EMI starts | Continues as normal EMI |
| Flexibility | Higher in short term | Better for long-term planning |
Pre-EMI is better if you want to keep your monthly payments low while the project is under construction.
Full EMI is better if you want to start reducing the principal early and save more in the long run.
At Birla Evara, the builder offers both options depending on your bank and loan plan.
Pre-EMI Pros:
- Lower monthly cost during construction
- Ideal for buyers paying rent + EMI together
Pre-EMI Cons:
- You don't reduce the loan principal early
- You may pay more interest over time
Use a Pre-EMI vs Full EMI calculator to compare total payments.
Let's say you take a loan of ₹80 lakhs for a 3 BHK at Birla Evara:
- In Pre-EMI: If ₹20 lakhs is disbursed initially, you'll pay interest on just ₹20 lakhs (say ₹13,000/month).
- In Full EMI: You'll pay around ₹70,000/month on the full ₹80 lakhs — even during construction.
You can increase EMIs in Full EMI plans or switch from pre-EMI to Full EMI later.
It's the interest paid only on the disbursed loan amount before full EMI starts.
Most banks like SBI and Kotak offer both, but they often suggest Full EMI for early principal reduction.
Understanding the difference between Pre-EMI and EMI at Birla Evara helps you choose the best loan repayment plan. If you want short-term savings, go with Pre-EMI. If you're focused on long-term value, choose Full EMI.
Always speak with your bank and the Birla Evara sales team to select what works best for your budget and plans.
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