Pre-EMI (प्री-ईएमआई)
Pre-EMI is an interest-only payment made before your full EMIs begin, typically when a loan is disbursed in stages or there is a gap between disbursal and the first EMI cycle. You pay only interest during this phase, so the principal does not reduce at all.
Worked example
₹2,00,000 sanctioned but only ₹1,00,000 disbursed so far at 12% a year: pre-EMI = ₹1,000 per month until full disbursal, after which regular EMIs (which include principal) start. The longer the pre-EMI phase lasts, the higher your total interest.