What is home loan emi ? mortgage loans emi , loan against property emi EMI stands for equated monthly installment. It refers to the monthly payment that has to be made to the lender to fully repay the loan within a predetermined time period. EMI includes contributions towards both the interest and principal portions of the loan. Typically, a major portion of the EMI goes towards the interest component during the initial stages home loan , car loan flat loan , car loan, mortgage loan housing loan, loan against property , building construction loan , mortgage loan process , independent house for sale in hyderabad