Home Loan Processing Fees and Charges The most important and clear fee charged on home loans is the processing fee. It is a fee you have to pay banks or NBFCs to deal with your home loan application. It is a one-time fee that is usually paid upfront – that is, you have to pay it out of your own pocket to the bank/NBFC instead of it being deducted from your loan amount. Some banks may call it administrative fee . Usually the processing fee will be charged only after your application is approved. Most banks charge a processing fee on their home loan schemes . However, some financial institutions either do not charge any processing fee or waive it as a special offer. Some banks may have separate charges for salaried persons, self-employed professionals (SEP), and self-employed non-professionals (SENP). Current Home Loan Processing Fees of All Banks 2021 Processing fee is generally a percentage of the loan amount. Banks might also specify a minimum and/or...
Glossary of Banking Terms and Phrases A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A Account Agreement The contract governing your open-end credit account, it provides information on changes that may occur to the account. Account History The payment history of an account over a specific period of time, including the number of times the account was past due or over limit. Account Holder Any and all persons designated and authorized to transact business on behalf of an account. Each account holder's signature needs to be on file with the bank. The signature authorizes that person to conduct business on behalf of the account. See related questions about Joint Account Holder Overdraft Opt-In , Joint Account Check Endorsement , and Joint Account Liability . Accrued Interest Interest that has been earned but not yet paid. See related questions about Interest-Bearing Accounts and FDIC Insurance . Acquiring Bank In a merger, the bank that absorb...
Home Loan Interest Rates Compare the lowest home loan interest rate starting from 6.64% p.a. and apply for the best home loan. Get the complete list of current housing loan rate of interest in India from all leading banks and financial institutions. Home Loan Interest Rate of all Banks 2021 Banks Interest Rate (p.a.) Processing Fees Kotak Mahindra Bank 6.65% 0.50% Citibank 6.75% Rs. 10,000 Union Bank of India 6.80%* - Bank of Baroda 6.75% Rs. 8,500 - Rs. 25,000 Central Bank of India 6.85% Rs. 20,000 Bank of India 6.85% Rs. 1,500 - Rs. 20,000 State Bank of India 6.75% 0% - 0.35% HDFC LTD 6.75%* Rs. 3,000 - Rs. 4,500 ICICI Bank 6.90% Rs. 3,000 LIC Housing ...
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