The home loan repayment is by Equated Monthly Installments (EMIs) comprising of interest and principal amount calculated on annual interests. EMIs can be paid by Post Dated Cheques or being directly deducted from your salary. In case of part disbursement of the loan, monthly interest is payable only on the disbursed amount. This interest is called Pre-EMI interest and is payable monthly till the final disbursement is made, after which the EMIs would commence.