Complete guide on fees, prepayment and late charges for working capital applicants in India (Delhi NCR focus for service density).
Besides interest, budget for one-time and event-based charges. Always confirm numbers in the sanction letter / Key Fact Statement.
If processing fee is deducted upfront, the amount credited to your account is lower than the sanctioned amount. Compare offers on net credit and EMI, not only on sanctioned principal.
Usually non-refundable once deducted; confirm policy.
Sometimes for strong profiles or large tickets.
Often yes on processing and other service fees.
A period when prepayment may be restricted or costlier.
Sanction letter and Key Fact Statement.
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