Will I be paying high EMI for near completion flat

[samkapoor77]

I am interested in purchasing a builder flat by taking home loan from ICICI Bank. The flat I am interested in purchasing is in its last stage of construction. Now, if I take home loan for the flat, will I be required to pay a high rate of EMI?

[samkapoor77]

EMI is dependant on the quantum of loan and the rate of interest. In case of under construction flats on which full loan disbursement is not made, EMI is less in initial years but high in later years. Otherwise, EMI has nothing to do with the stage of construction of property.

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