Hello guys. I have a doubt regarding loan

Question

For any non collateral loan, do we have to pay processing fee in prior , after that only we will get laon sanction letter and stuffs?

Smoky zz · Answer

Hi Shrat
it Varies, For most Inr Loans irrespective of collateral or non Collateral, You have to Pay the Processing fee to get sanction letter

For Usd Loans, it's different from lender to lender, for ex - 
Leapfinance takes .5% to give sanction letter and 1.5% (total 2%) to sanction as a Whole, Prodigy finance doesn't charge to provide sanction letter but the processing fee is added to Principal amount on which it also accumulates the Interest on.

So always pay processing fee upfront

Hello guys. I have a doubt regarding loan

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