1. Processing Fee: You can expect banks to charge you Loan Processing Fee at the time of processing your loan application :
Varies from lender to lender and may be upto 1% of the loan amount. The lower it is, the better it will be for the borrower.
Remember! this home loan interest rate is negotiable with the lenders. Also note that GST Rate of 18% Applicable for All Financial Services Effective July 1, 2017.
2.Technical evaluation Fee:For high-value properties, two valuations are done, and the lower of the two is considered for sanctioning a loan. Some PSU lenders charge a fee for doing this evaluation.
3.Franking fee on sale agreement:: Some states levy a stamp duty payable on the property agreement with the builder/seller. This ranges from 0.1% of cost-Rs 20,000.
4.Franking fee on loan agreement:Some states, Maharashtra and Karnataka, for instance, levy a fee on the loan amount. 0.1-0.2% of loan