To lower your Equated Monthly Installment (EMI), explore loan refinancing options with banks or NBFCs offering lower interest rates. A balance transfer can significantly reduce your monthly payments. Alternatively, extending the loan tenure lowers EMI but increases total interest. Making partial prepayments reduces the principal, decreasing future EMIs. Maintaining a strong credit score helps secure better loan terms. Compare lenders, processing fees, and prepayment penalties before switching to ensure maximum savings.

Increase your loan tenure
Extending your loan period lowers monthly EMIs, easing financial pressure though total interest rises.

Pay more amount to your loan principal
Making extra payments toward the principal reduces the loan balance and future EMIs.