Yes, borrowers can attempt to negotiate a shorter repayment tenure with the approval of the lender. This will result in increased monthly installments and decreased interest outgo. To increase the EMI amount, the borrower needs to submit adequate data on income and credit score which will be verified to ensure their risk position while availing of another loan from the Bank. However, BHFL might ask in lieu of this proof an additional charge for processing higher than the stipulated monthly installment.