I have applied to ICICI for NRI home loan (floating 10.5%).

Sanctioned amount is 45 lakhs.

My flat is under construction, so payment to builder from bank will be done in installements of 10% each (8 installments remaining to be paid to builder).

My question is - suppose for some installment I have money ready in my bank account, and if I pay the builder directly without taking next disbursement, is that OK?

e.g. in Mar I have 4.5 lakhs ready in my saving bank account, I pay builder directly. So now instead of taking sanctioned amount of 45 lakhs I only borrow 40.5 lakhs from ICICI.

Will the bank cause any problems and force me to take entire 45 lakhs?

Thank you!
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