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What are the charges in taking a bank loan? |
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Real Estate Self Help -
Home Financing | Bank Loan
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What are the charges in taking a bank loan?
Each Bank has its own set of charges, but generally the following applies: - Processing fee: for processing a loan application
- Pre-payment fee: for repaying part of or the full loan ahead of schedule
- Third-part charges: for the valuation fee, legal fee (including the fee for the lawyer to act behalf of the bank), stamp duty, and insurance
Others: Some banks also charge for making changes to the original loan application or for canceling a loan offer after you have accepted it.
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