POSTED BY August 6, 2012 3:42 pm COMMENTS (2)ON
Hi Manish & Team,
I have taken a home loan from SBI of amount 11,68,000. I have taken with SBI surakshit insurance coverage. I submitted the estimates to SBI and it took around 4 months for me for first disbursement and it is around 3 months we started construction. In these 7 months; the raw materials cost raised particularly sand, etc. Now as per the rough estimates, the project cost went up by around 2 and half lakhs. In this situation, Can i ask SBI to increase my loan amount ? Any options/alternatives will be there??
Thanks in Advance
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2 replies on this article “SBI Home loan Amount enhancement”
Housing loan transfer and enhancement.
Dear Sateesh, enhancement in loan amount is possible if your income may handle the increased EMI. Please contact SBI for the related paper work.