POSTED BY March 3, 2014 3:16 pm COMMENTS (2)ON
I am taking a home loan of 17 L for which the bank is charging a processing fees of 0.5% of the loan amount and a mortgage fees of 0.2% of the loan amount. What is this mortgage fees? and how is it calculated? To whom does this money go? Can I demand a receipt for the same?
NOTE: At the time of disbursal, bank will deduct the mortgage fees from the loan amount and only disburse the balance amount.