Yes, you can change the EMI of a home loan in India. This is subject to your,
Lender’s policies
Your repayment capacity.
Can Home Loan EMI be Changed?
Yes. Banks and housing finance companies allow borrowers to increase, decrease, or restructure EMIs during the loan tenure for financial flexibility.
You can voluntarily increase your EMI if your income rises. This helps reduce loan tenure, save significant interest, and close the loan faster
Most banks allow EMI enhancement through a simple written request or online banking, without extra charges.
EMI can be reduced by extending the loan tenure, converting fixed rate to floating rate (if allowed), loan restructuring during financial hardship
Lower EMI reduces monthly burden but increases total interest paid.
Making lump-sum payments reduces outstanding principal. After prepayment, you can choose lower EMI with same tenure, or same EMI with shorter tenure (better option for interest savings)
Floating-rate home loans have no prepayment penalty as per RBI rules.
If interest rates fall, banks may automatically reduce EMI or tenure. Some lenders offer rate revision or reset options, sometimes with a small administrative fee.
Transferring your home loan to another bank with a lower interest rate allows you to reset EMI and tenure based on new terms.
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Can We Change EMI of Home Loan?
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2025-12-30T07:59:39+00:00 2025-12-31T12:00:33+00:00Comment
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