Hello,

I have availed a home loan from SBI in Chennai for Rs 38L with 30 years tenure, resulting in an EMI of Rs 35000 pm. I’ll be getting 10L of cash in hand from another source soon.

I wanted to know if it is possible to revise the home loan amount required to 28L, maintain the same tenure, thus reducing the monthly EMI with SBI.

Also, I have only been paying interest on loan amount disbursed via the 18 month pre-emi option so far. I have used 20L out of the 38L possible till date.

I’d be glad to get advise on how to revise the total loan amount with SBI and thus reduce the monthly EMI, keeping the tenure the same.

Thanks, Hari