I opted for the scheme where I am paying EMI from day 1 but the builder is getting a part of the loan. Approx 65% of the loan amount was paid in the first month, but for my EMI, the interest was calculated on the amount disbursed, and hence I could pay up a larger part of the principal as well. Kindly have a look at the following figures on a monthly basis. Loan Amt: 20.5 lakhs, initial rate 7.25, EMI = Rs 24,068, rate changed to 7.75 from the 5th month.
