A house loan processing charge pays for things like checking your bank records, evaluating your credit, and finishing the required paperwork. Axis Bank home loan processing charges are quite transparent and easy to understand.
What is the Axis Bank Housing Loan Processing Fee?
A minimum of Rs. 10,000 is required, and the cost will not exceed 1% of the loan amount. A one-time processing charge of Rs. 10,000 + GST is needed for home loans at the application stage.
There are a number of Axis Bank home loan processing fee associated with applying for a house loan. Some of them are as follows;
| Type of charges |
Percentage |
Application fee |
0.25% - 0.5% |
Administrative fee |
0.1% - 0.2% |
Technical valuation fee |
Varies |
Legal fee |
Varies |
Documentation fee |
0.1% - 0.5% |
Stamp duty |
Varies by state |
Mortgage origination fee |
0.5% - 1% |
GST on processing fees |
As per GST applicable rates |
Pre-payment or foreclosure charges |
1% - 3% of outstanding loan |
Conversion fee |
0.5% -1% of the amount of loan |
Late payment fee |
1% -2% of overdue amount |
I believe this will help you with the Axis Bank processing fee for home loan.
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Authors Of The Question
What is the Axis Bank Home Loan Processing Charges?
Sandhya
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6 months
2024-05-09T08:56:35+00:00 2024-08-06T15:05:05+00:00Comment
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