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For ready-to-move-in or resale properties, the bank generally makes a full disbursement of the sanctioned loan amount in one go. This payment is directly transferred to the seller or builder once all legal, technical, and documentation formalities are completed. It ensures a smooth transaction, allowing you to take quick possession of your property without delays.
In the case of an under-construction property, the loan is released in phases based on construction milestones such as foundation, slab completion, and possession. Here, you are required to pay pre-EMI interest only on the disbursed amount until the project is completed. Once the bank makes the final disbursement, your regular EMI (principal + interest) starts, aligning your repayment with the actual progress of your home.
✅ Ready/Resale: Full loan disbursement in one go
✅ Under-Construction: Stage-wise disbursement as per progress
✅ Pre-EMI: Pay interest only on disbursed amount during construction
✅ Full EMI: Starts after complete disbursement