The home loan EMI depends on various factors including loan amount, interest rate, tenure, prepayment and down payment. Loan amount: The higher the amount borrowed, the higher will be the EMI and vice versa Interest rate: The rate at which the bank is providing the loan. Interest rate is determined based on your CIBIL score. Loan tenure: The longer the tenure, lesser is the home loan EMI and vice versa Down payment: This amount is payable by you at the time of property purchase. The higher the amount payable, lesser the amount borrowed which further leads to low EMI payable and vice versa.