New Delhi, April 21 -- The Reserve Bank of India (RBI) has recently reduced the repo rate by 50 basis points. This gives the home loan borrowers a timely chance to recheck, replan and decide on their repayment strategies.

In such a case lowering your Equated Monthly Instalments (EMIs) can immensely ease your financial burden and result in significant interest savings over time. This write-up is dedicated towards discussing five efficient methods to help home loan borrowers to bring down and reduce their overall home loan EMIs.

Planning and refinancing or transferring your home loan from your current lender to another lender providing you lower interest rates can decrease your EMIs substantially. This particular strategy is immensely ben...