Overview
Bank charges are a one-time home loan charge that the bank levies on your home loan at the time of loan processing.
The computation of bank fees will vary but usually it is between 2.00% to 3.50% of the approved loan amount.
Typically, bank charges are to be paid at the time of loan signing or just prior to signing.
Bank Payment Channel
Via Over the Counter
Borrower can pay the bank charges in any branch OTC or they can pay it during the loan signing.
Auto Debit Arrangement
If the Borrower have an existing savings or current account to the bank, they can request to deduct it instead for convenience
Deduct from the Approved Loan
This is only applicable to those Borrower/s who have a higher approved loan amount.