Your first EMI due date and EMI amount are clearly mentioned in your Loan Statement, as well as communicated to you through the InstaMoney mobile application and the Welcome Letter sent to your registered email address.
How EMI due dates work:
EMI dates are fixed for all InstaMoney customers on the 1st of every month.
Example:
If your loan is disbursed on 10th May, your first EMI will be due on 1st June.
If your loan is disbursed on 25th May, your first EMI will be due on 1st July.
Please note: The EMI date cannot be changed once assigned.