Can we stop home loan EMI for few months? Bank may be willing to give you the grace period for resuming EMI payments with some penalty. ... You can talk to the bank to restructure or refinance your home loan. They can increase the tenure of the loan as a result of which your EMI would go down home loan , car loan flat loan , car loan, mortgage loan housing loan, loan against property , building construction loan , mortgage loan process , independent house for sale in hyderabad