5. Processing fee on personal loans
Saturday, January 13, 2018, 9:29 PM
Like all bank charges, processing fee also varies from bank to bank. This fee includes various expenses incurred by the bank while approving your loan. The processing fee will be between 1% to 2%. Before availing the personal loan, you should check the processing fee charged by the bank, as this might be quite high in case of personal loans of a large size.