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View Sachin  Ojha 's Profile

Fees and charges

What are the fees and charges payable and when are they payable?
Asked by Sachin Ojha | April 10, 2012 | Report this Report abuse
Replies (13)
it varies from Bank to Bank
January 30, 2019 | Report this Report abuse
it varies from Bank to Bank
January 30, 2019 | Report this Report abuse
you can check all the details at
November 09, 2018 | Report this Report abuse
you can check all the details at
November 09, 2018 | Report this Report abuse
The fee and charges of banks depend upon, the bank from which you are taking a loan. If you take the best 3 banks in India:-

1. SBI.
SBI provides 3 different personal loans and charges processing fee of 1% of the loan amount which has to be given in the beginning rest the Prepayment charges are there and if delayed the payment of EMI than you need to pay penal Charges. Click here and check:-

2.Capital First
Capital First is one of the leading non-banking financial corporation operating in India and offering two different personal loans where they are charging Different processing fee according to the occupation of the individuals.
Click here and have a look:-

3.HDFC Bank.
HDFC bank is another bank offering many types of personal loans among which HDFC Bank Insta Loans are on credit cards. There processing charges,Foreclosure charges and Part-payment Charges are different and depends upon the type of Personal loans you are taking.
Click here and check:-
September 11, 2018 | Report this Report abuse
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February 17, 2016 | Report this Report abuse
Processing Fee: Ranges between 0.25 to 1 per cent of the loan amount and varies from bank to bank and from branch to branch. It needs to be paid along with the loan application itself and is non-refundable.

Prepayment charges: Paying off the loan either entirely or in parts before the end of the tenure is considered as pre-payment of the loan. While there are no pre-payment charges applicable on home loans with a floating rate, lenders do charge some penalty on home loans with fixed rates.

MODT: Memorandum for deposit of title deed or MODT is applicable for all home loan borrowers. Stamp duty charges vary from one state to another but on an average are from 0.1 to 0.2%

Legal and technical verification fee: For some banks, the processing fee is inclusive of these charges while some others charge this separately. In case you are seeking a property that is from a project approved by the same bank, then the legal charges are usually waived off.

Loan conversion/switching fee: Most banks on an average charge 2 per cent of the outstanding loan amount to facilitate such a switching as requested.

Late payment charges: Banks and NBFCs charge a late payment charge for every delayed EMI. On an average, late payment charges can vary from Rs. 200 to Rs. 500 plus 2 per cent additional interest as penalty.

Besides these, other loan related charges pertain to loan statements, foreclosure letters etc. All applicable charges will be mentioned in the loan document.
January 22, 2016 | Report this Report abuse
View Ishika Mohite 's Profile
There are number of charges one has to pay while taking loan from the bank. Below are few which I have listed for you:

1) Loan Processing Charges / Origination Charges (Non-Refundable)
2)Prepayment Charges
3) Charges for late payment
4) Cheque Swap Charges
5) Amortisation schedule charges
6) Statement of Account Charges
7) Prepayment/Foreclosure Statement Charges
8) Duplicate No Objection Certificate/ No Due Certificate
9) Duplicate Repayment/Foreclosure statement
December 18, 2015 | Report this Report abuse
Usually banks will take processing fee, it varies from 0% to 2% depends on loan amount and bank, you can check complete details here:
November 18, 2015 | Report this Report abuse
BUT Dhanax is charging 500/- for processing of personal loan.
April 24, 2015 | Report this Report abuse
There are usually two types of charges:
Processing charges: This is paid at the time of applying for loan varies from 2-3% of the loan amount.
To know more about loans and their terms and conditions, visit creditnation website.
March 10, 2015 | Report this Report abuse
View  's Profile
fees are very high for education institutes.. now a days..
April 16, 2012 | Report this Report abuse
Apart from the rate of interest bank also do charge some fees which are of usually two types. Once when you are applying for the loan and once when you are preclosing the loan. The fees when charged at the time of processing called as Processing Fees vary from 2-3% of the loan amount. This could be reduced if you have the ability of bargaining.
The second charge is the prepayment penalty paid at the time of preclosure. This too varies from 2 –3 %. Similar to processing charges, you can also try to get this fees reduced.
April 16, 2012 | Report this Report abuse
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