Can the loan amount be decreased after sanction? Yes!! The bank would disburse only the amount needed if it is lower than the sanction amount. Lower amount will be disbursed if sanctioned amount exceeds the property LTV norms
Can the loan amount be increased after sanction? No! To increase the loan amount one needs to submit latest financial documents. Enhanced Fresh eligibility is then decided based on the increased income. This is called a revalidation.
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