Processing Fee
Definition
A one-time charge by the lender for processing a loan application. Typically 0.5-2% of the loan amount or a flat fee of ₹2,000-10,000. This is non-refundable and is charged upfront or deducted from the disbursed amount.
A one-time charge by the lender for processing a loan application. Typically 0.5-2% of the loan amount or a flat fee of ₹2,000-10,000. This is non-refundable and is charged upfront or deducted from the disbursed amount.