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  #1  
14th June 2016, 05:52 PM
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Whether Corporation Bank charges processing fee for an Education Loan?


Hello, I want to apply an Education Loan in Corporation Bank. So, I would like to know that does they charge processing fee for applying an Education Loan?




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  #2  
15th June 2016, 10:02 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Whether Corporation Bank charges processing fee for an Education Loan?

Yes, there will be processing fee charged on education loan after it is sanctioned. Usually the processing charges vary from time to time as per bank's policy. But the amount is quite less and is usually around 100. This is charged to revive the cost of all paperwork/documents which the bank had to prepare/undertake to process your loan request. It is charged only once for the education loan and will be charged when the first installment of loan amount is disbursed by the bank.
Do you have any question? or have anything to say?



« Documents required to submit to apply for Syndicate Bank Education Loan? | Countable years of repayment against Loan amount of Rs. 7.75 Lacs in Union Bank of India? »

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