EMI

[Sujata]

Can we increase and then again request a bank after some time to decrease the home loan EMI as we wish?

 

[arjungoyal12]

I think it's totally upon the bank if they agree to it. You can increase EMi and reduce tenure for the home loan. Other loans might have different features

 

[ShavirB]

Can we increase and then again request a bank after some time to decrease the home loan EMI as we wish?

Generally banks do not agree to this. Would advise to read your Loan Agreement, if there is no mention of prepayment penalty / or it's ZERO - you can increase your EMI freely

 

[Shreya Rajgarhia]

No you cannot. Since, banks mostly won't agree to it