What is Processing fee?
Upfront charge, usually 0.5–3% plus 18% GST.
Short answer
Insurance bundled into the loan without asking.
Processing fee when buying a loans (india)
Upfront charge, usually 0.5–3% plus 18% GST.
Why it matters: It is deducted from the payout, so you receive less.
Look for: Insurance bundled into the loan without asking.
Full Loans (India) buying guide