New Delhi, March 13 -- A home loan is essential while buying a house as property prices have been on a steady rise. Home loans come with multiple options. The difference between 'Pre-EMI' and 'Full EMI' in home loans is a key metric that you should understand before you make a choice.

Pre-EMI (Equated Monthly Instalments) is the interest paid on a loan taken for an 'under construction' property. When you opt for 'Pre-EMI', the disbursal of the loan is done in stages depending on the progress of the construction of the property.

But you have to pay interest on the amount that is disbursed and the full repayment (including principal and interest) will begin only when you take possession of the property.

Here is a guide on the key differe...