Glossary
Processing Fee
What it means
Processing fees range from nil to 3% of the loan amount plus GST, depending on product and lender. Home loans typically carry small or capped fees; unsecured personal and business loans carry higher percentages. Some lenders also charge documentation, legal and technical fees separately.
Fees are disclosed in the Key Fact Statement and included in the APR. They are usually deducted from the disbursal amount rather than collected upfront, and any lender or agent asking for a fee before sanction is a warning sign.
Where it applies
Personal Loan
Collateral-free personal loans from ₹50,000 to ₹50 lakh at rates starting around 10.25% p.a., with disbursal typically within 48 hours of approval.
- Rate from
- 10.25% p.a.
- Up to
- ₹50 L
Business Loan
Unsecured business loans from ₹2 lakh to ₹1 crore for proprietors, partnerships and companies, at rates from about 14% p.a., with tenures up to 5 years and minimal collateral requirements.
- Rate from
- 14.00% p.a.
- Up to
- ₹1 Cr
Home Loan
Home loans from ₹5 lakh to ₹10 crore at floating rates from about 7.35% p.a., with up to 90% funding and tenures up to 30 years, across banks and housing finance companies.
- Rate from
- 7.35% p.a.
- Up to
- ₹10 Cr
More terms
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