How to increase EMI of HDFC home loan?

A few days back, I received a promotion, and along with that, my salary has also increased. Because of this, I planned to prepay my home loan by increasing the EMI amount that I was paying. To know how to increase EMI in HDFC home loan, I called the helpline number of the bank and asked them about it. The bank executive told me that I had to visit the nearest branch of the bank. 

How to Increase Home Loan EMI in HDFC?

The executive also told me that increasing my EMI can reduce the length of my loan and the total amount I have to pay out. After that, he told me that I had to visit the nearest HDFC branch. 

He told me to carry the most recent bank statement and submit it to the bank. According to him, the bank manager will confirm my higher income and approve it. He said that a general rule of thumb is that my home loan EMI cannot be more than 35 - 40% of my monthly income.

After the new EMI gets approved, I have to agree on a date from which the new EMI will become payable. The executive told me that I would also receive a new loan agreement letter with the updated tenure. 

And that’s all he had told me. I am planning to visit the bank in a few days and follow these instructions. 

Increasing the Equated Monthly Instalment (EMI) for a bank loan refers to raising the amount you pay each month to repay the loan. The EMI is a fixed amount that borrowers pay every month, comprising both the principal amount borrowed and the interest accrued on the outstanding loan balance. I have an account in HDFC but did not know how to increase EMI in HDFC home loan to clear the debt ASAP. However, an official of the bank helped me out. You cannot apply for this increase in EMI completely online. Let me tell you how to increase the EMI of HDFC home loan here.

How to increase EMI in HDFC home loan online?

There is no direct application method by which you can apply for an increase in EMI on an HDFC loan online, but yes, you can download the form. Since I visited the bank physically, I was handed over the form, but if you want to get it downloaded, download it from HDFC’s official website or click on

Once you download this form, fill in all the details, like

Account number, name, bank number, and more, and submit it to your HDFC bank branch.

This is how to increase EMI amount in HDFC home loan. But you have to consult with a bank official to decide how much you can increase based on your remaining loan amount, tenure, interest rate, and other factors.

Another way is to drop a mail on 

requesting an increase in HDFC home loans. Do mention your

• Bank details

• Name

• Request and other relevant details

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You can save a significant amount by raising the EMI by a comparatively little amount. When I had taken an HDFC loan, my EMI was around Rs.25,000. But when my earnings increased, I increased the EMI from Rs.25,000 to Rs.40,000 by submitting a form. It helped me reduce my home loan tenure and interest amount too. So I can guide you better on how to increase home loan EMI in HDFC.

How to increase HDFC home loan EMI online?

From what I know, there’s no process to increase EMI in HDFC online. You have to do it offline only by visiting a branch. You can refer to the above answer from Parvinder to know about the overall procedure.

What is the process for HDFC home loan EMI increase?

You can go to HDFC Limited or HDFC Local bank with the most recent loan statement. It must show the amount of interest and principal that has been paid so far and the remaining balance that needs to be paid. The branch manager's confirmation of your higher income is required for this type of borrowing. You'll receive a new loan agreement letter with the updated tenure after all the requirements are completed.

The main portion of your home loan is repaid with any additional payments you make above your normal EMI. As a result, you can pay off your loan more quickly. This reduces the length of your loan. You can lower your EMI if you don't have extra income and are worried about running out of money. You can do it by increasing the term of your loan.

I hope you understood how to increase home loan EMI in HDFC.