EMI (Equated Monthly Installment) is the amount a borrower has to repay to the financial institution for their Home Loan.
The easiest way to reduce your Home Loan EMI is to increase your tenure. Longer tenure translates into smaller and more manageable EMIs.
If you find another reliable financial institution with better loan terms, try and transfer your loan to them.
The initial EMIs of your home loan is directed towards interest. If you prepay in the initial years, it will significantly cut down on interest and reduce your EMI burden.
When you make a significant downpayment, you reduce the loan amount and effectively the EMIs.