QWhat Are The Fees And Charges Payable And When Are They Payable?
AUsually two types of charges are levied. Once when you are applying for the loan and once when you are preclosing the loan. The fees when charged at the time of processing called as Processing Fees vary from 2-3% of the loan amount. This could be reduced if you have the ability of bargaining. the second charge is the prepayment penalty paid at the time of preclosure. This too varies from 2 Ö3 %. Similar to processing charges, you can also try to get this fees reduced.