You may get RML loan subject to bank's terms and condition. The amount is based on valuation done by bank. Your valuation won't be accepted by bank.
About EMI: For RML Loan, there is no EMI. After loan tenure bank will inform you to either close the loan repaying the full loan amount or they sell the property as per their procedure. If excess amount is found, it will be your part.
That means RML has no EMI.