This is where you might like to use the option to pause home loan EMI temporarily. A home loan EMI pause provides immediate breathing room but carries long-term financial consequences that require careful calculation. The Reserve Bank of India (RBI) guidelines provide the framework for these reliefs, yet individual lenders like SBI, HDFC, or ICICI Bank maintain their own specific bank EMI pause policy. Situations Where Banks Grant Home Loan EMI BreakLenders typically allow an EMI holiday home loan during the construction phase of a property. Conclusion to Pausing Home Loan EMIIf you want to pause home loan EMI for a long time, consider restructuring.