What Are The Processing Fees For A Personal Loan?

Processing fees are administrative charges collected by financial institutions to process, evaluate, and underwrite a loan application. At Credify Capital, we believe in complete transparency:

1. Typical Percentage Range

Processing fees usually range from 1.5% to 3.0% of the approved loan principal amount. This depends on factors like your employment type, credit profile, and relationship history with our platform.

2. Automatic Deduction

Important note: You do NOT have to pay this fee upfront. The processing charges are directly deducted from your approved principal during final disbursement. For example, if your loan is 5,00,000 and the processing fee is 2% (10,000), a net cash amount of 4,90,000 will be credited to your bank account.

3. Zero Hidden Charges

Credify is committed to absolute integrity. All processing costs, GST (currently 18% of processing fees), and documentation charges are highlighted clearly in the digital e-agreement before signing.