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Can I find out the processing fee beforehand when I compare different loan or credit products?

Curious about Processing Fee

Can I find out the processing fee beforehand when I compare different loan or credit products?

Yes, as a borrower in India, you can find out the processing fee beforehand when you compare different loan or credit products. Lenders are required to disclose the processing fee upfront to the borrower in the loan or credit product's terms and conditions or loan agreement. It is always advisable to read the terms and conditions carefully and ask the lender for clarification if any doubts or questions arise. This can help you compare different loan or credit products and choose the one that has the lowest processing fee and is the most suitable for your needs.

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