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Looking for a home loan? Here are 4 things you need to know about processing fees

Lenders impose home loan processing fees to offset the administrative expenses associated with processing your home loan application. This encompasses tasks such as verifying your income documents, conducting a credit check, and completing the loan approval procedures.

RBI Asks Lenders To Merge Loan Processing Fees, Documentation Charges Into Actual Interest Rates

RBI Governor Shaktikanta Das said this will provide customers with a clear idea of the actual annualised interest rate they pay on the loan

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