a. Loan Processing Fee
A one‑time, upfront fee charged for evaluating your loan application.
Why it’s charged:
Covers credit checks, underwriting, documentation costs, and administrative efforts.
b. Documentation / Verification Charges
Cost incurred for verifying KYC documents, income proofs, property papers, etc.
d. Prepayment / Foreclosure Charges
If you close the loan before the tenure ends, some lenders charge foreclosure fees (varies by product and regulations).
e. Part‑payment Charges
Applicable when you repay a portion of the principal before the due schedule.
f. EMI Bounce Charges
Levied if your EMI auto‑debit fails due to Non-Technical Reasons.
g. Penal Charges
Additional interest charged when EMI payments are delayed.
h. Stamp Duty / Agreement Charges
Mandatory government‑regulated charges for loan agreement execution.
i. Legal / Technical Evaluation Charges (for secured loans)
Applicable in property‑backed loans like home loans or loan against property.