Yes you can . But read this before doing . Pls check with your banker . In some banks if you are planning to pay more EMI than the current EMI then 2% will be charged as penalty on excess amount ( say your EMI is Rs 15000 and you are planning to increase to Rs 20000 then 2% of Rs.5000 ( Every month )will be charged as penalty ). Pls check with your bank before increasing