The purpose of making a part prepayment is generally to get rid of the loan liability as soon as possible. Therefore, customers usually do not ask for a reduction in the EMI amount. However, there can be circumstances where the borrower might have to request the bank to reduce the EMI. The borrower might have pooled in their retirement benefits and made the part prepayment. As the borrower will have a reduced income in the form of a pension, they are justified in requesting the bank to reduce the EMI. The bank treats such case on merits and accedes to the customer's requests.