India bulls told me that they would charge me a processing fee of 5515 rs only for the home loan I had provided. After submitting they are asking a sanctioning fees of 0.3% of loan amount. I naturally protested as I was not informed regarding same. The loan officer then has changed his instance to that 0.3% is franking fees. I should have been informed about this hidden cost earlier as this amounts to 16, 500 Rs.
Atleast I have never heard of it. Can some one enlighten me on same.
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