Monthly loan EMIs can feel like a heavy weight — especially when your income gets tight or interest rates rise.
If your EMIs feel too high to handle, don’t panic. There are simple and smart ways to reduce the burden without defaulting or damaging your credit.
Let’s explore 5 practical strategies to lower your EMI pressure in 2025.
5 Ways to Reduce Your EMI Burden in 2025
1️⃣ Extend Your Loan Tenure
Longer tenure = lower EMI (but more total interest)
Example: A ₹5 lakh loan for 3 years may have ₹16,000/month EMI.
If you extend to 5 years, EMI could drop to ₹10,500/month.
Talk to your lender or use Vizzve’s Loan Restructure Option.
2️⃣ Opt for Loan Refinancing (Balance Transfer)
Shift to a lender offering lower interest rate
Benefits:
Lower interest = lower EMI
Often includes top-up option
Vizzve Finance helps compare refinancing offers from trusted banks/NBFCs.
3️⃣ Make a Part-Payment
Use a bonus, tax refund, or extra savings to prepay part of your loan
Reduces total outstanding
Lowers future EMIs or shortens tenure
Check prepayment charges (Vizzve loans have low or zero penalties)
4️⃣ Negotiate for Lower Interest Rate
If your credit score improved, you can ask for a better rate.
Good CIBIL score (700+) = better negotiation power
Vizzve tracks your credit profile and recommends smarter rate deals
5️⃣ Consolidate Multiple Loans
Managing many small EMIs? Combine them into a single low-interest loan.
Easier to track
Reduces total EMI burden with longer tenure
Use Vizzve’s EMI Consolidation Loan Plan to simplify your debt
Vizzve Finance Can Help You
✅ 100% online loan restructuring
✅ Compare offers with lower rates
✅ No-obligation EMI calculators
✅ Expert guidance for salaried and gig workers
✅ Personalized loan top-up options
FAQs –
Q1. Does reducing EMI affect my credit score?
Not if done smartly (e.g., through restructuring or part-payment).
Q2. Should I choose tenure extension or refinancing?
Tenure extension is quick with the same lender. Refinancing may save more long-term if interest is much lower.
Q3. Can I reduce EMI without paying extra?
Yes, via refinancing or tenure extension.
Q4. Can Vizzve help me restructure my existing loan?
Yes. You can apply for EMI reduction or consolidation through Vizzve’s partner network.
Published on : 22nd July
Published by : SMITA
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