Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
A processing fee is a one-time, non-refundable charge levied by a lender to cover the cost of evaluating and sanctioning a loan application.
A one-time charge the bank takes for handling and approving your loan.
Typically 0.5%–2% of the loan amount plus GST; negotiable in bulk or festive offers, and should be included when comparing the effective loan cost across lenders.
A 0.5% processing fee on a ₹40 lakh home loan works out to ₹20,000 plus applicable GST.
A one-time charge the bank takes for handling and approving your loan.
Processing Fee helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.