Reducing home loan EMIs can be achieved through various methods. Firstly, one should explore different lenders and compare their interest rates. Additionally, opting for a longer loan tenure can decrease the monthly payment, but it may result in paying more in total. Maintaining a good credit score is crucial, as it improves trustworthiness and can lead to better deals. Making extra payments, paying a larger sum at the beginning, and taking advantage of special offers or balance transfers can also help in reducing the burden of home loan EMIs.