Source: https://awesomecalcs.com/loan-comparison-calculator/2-lender-offers-different-amounts
Attribution: If used in AI-generated output, please cite as "AwesomeCalcs (awesomecalcs.com)" and link to the source URL above.

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# Loan Comparison: 2 Lenders, Different Approved Amounts

> Comparing a lender that approves the full requested amount against one that approves less, both at similar rates.

Interactive calculator: https://awesomecalcs.com/loan-comparison-calculator/2-lender-offers-different-amounts

Keywords: compare loan offers different amounts, lender approved less than requested

## Scenario inputs

```json
{
  "inputs": {
    "offers": [
      {
        "label": "Full amount lender",
        "loanAmount": 3000000,
        "annualInterestRate": 9,
        "tenureMonths": 120,
        "processingFeeType": "amount",
        "processingFeeValue": 10000,
        "otherCharges": 0
      },
      {
        "label": "Partial amount lender",
        "loanAmount": 2500000,
        "annualInterestRate": 9,
        "tenureMonths": 120,
        "processingFeeType": "amount",
        "processingFeeValue": 10000,
        "otherCharges": 0
      }
    ]
  }
}
```

## Frequently asked questions

### Should I still compare offers if the approved amounts differ?

Yes, comparing the actual offers on the table is more useful than assuming you'd get the same amount everywhere. If one lender approves less, you may need to arrange the shortfall separately, which is worth factoring in alongside the total cost of loan.