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. However, in the course of the repayment tenure, contribution towards interest repayment gradually reduces and the contribution towards the principal component increases home loans , mortgage loan , loan against property , housing loan , home construction loan , flat purchase loans