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Take a look at processing fees before availing a car loan

Take a look at processing fees before availing a car loan

Friday, June 9, 2017, 10:43 AM

Lenders charge this fee to cover the cost incurred while evaluating your loan application. This is usually a non-refundable fee, which can range anywhere from Rs.1,000 to Rs.10,000. Various lenders offer discounts or waive off processing fees, especially during festive seasons. However, make sure that the savings made on processing fees is not offset by higher interest rates or other charges.
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