There are several methods for lowering your home loan EMI. One option is to extend the loan term, which will reduce the EMI but increase the total interest paid. Another option is to make prepayments or partial payments to reduce the principal amount, lowering the EMI and total interest paid. Borrowers can also negotiate a lower interest rate with their lender or switch to a lower interest rate loan. Finally, refinancing the home loan to a lower-interest lender or transferring the loan to a different bank can lower the EMI.
