Personal Loan Processing Charges

Processing fees are levied by the banks and financial institutions towards the expenses they have to make in order to process the funds and managing it throughout the loan tenure.

It includes, but not limited to, the cost of manpower and resources required to verify the borrower authentication, checking credit behaviour of the borrower along with some internal documentation a lender has to maintain in order to offer a personal loan.

The processing charges on a regular personal loan ranges from 1% to upto 3% of the loan amount. However, private financers tend to levy high processing charges which can range upto as high as 6.5% of the loan amount. Although, in the case of pensioners loan and senior citizens personal loans, the lender may waive the applicable charges.

Processing Charges levied by Banks/Financial Institution

Banks/FIsApplicable Processing Charges
SBI1% of the loan amount
HDFC BankUpto 2.5% of the loan amount
Rs. 1,999 to Rs. 25,000 for Salaried 
Rs. 2,359 to Rs. 88,500 for Self-Employed Professionals 
Rs. 1,999 for Balance Transfer to Salaried borrower. Minimum 0.99% of the loan amount for Personal Loan to Self-Employed Professionals.
Axis Bank1.5% to 2% of the loan amount
YES BankUp to 2.50% of loan amount
Min. Rs. 999
ICICI BankUp to 2.25% of the loan amount
Indusind BankUp to 2.50% of loan amount
Min. Rs. 1000 for Personal Loan and Min Rs. 250 for Personal Loan on Credit Card
HSBC BankUp to 2.5% of the loan amount
Max Rs. 2499
Kotak Mahindra BankUpto 2.5% of the loan amount
CitibankRs. 30,000
Standard Chartered BankZero to upto 2% of the loan amount
50% Concession on Processing Fee for Online Applications
Bajaj Finserv2.25% to 3% of the Loan Amount
For Salaried Personal Loan 
Upto 2% of the Loan Amount
For Doctors and Self-Employed Personal Loan 
2% of the Loan Amount
For Personal Loan to CAs and Engineers
Fullerton India1.5% to 6.5% of the Loan Amount
Capital FirstUp to 1.50% of the loan amount
Canara Bank1% of the loan amount or Min Rs. 50
For Personal Loan to Salaried & Teachers 
Nil
For Personal Loan to Pensioners
Tata CapitalUp to 2% of the loan amount
Min. Rs. 999
Aditya Birla Finance2% of the loan amount
IDBI BankUpto 2.50% of the loan amount
For regular Personal Loan 
Rs. 250
For Personal Loan on Credit Cards
PNB1.80% of the loan amount
For Salaried and Self-Employed Personal Loan 
Nil
For Personal Loan to Pensioners
Bank of Baroda2% of the loan amount
Min Rs. 1,000 to Max Rs. 10,000.
RBL BankUpto 2.50% of the loan amount
Bank of India2% of the loan amount
Min Rs. 1000 to Max Rs. 10,000 for regular Personal Loan 
Min Rs. 500 to Max Rs. 2000 for Personal Loan to Pensioners 
1% of the loan amount
For Personal Loan to Doctors
Bandhan Bank1% of the loan amount
Federal Bank0.50% of the loan amount
Min Rs. 500
Home CreditNil
Indiabulls Dhani1% to 5% of the loan amount
Indian Bank0.51% of the loan amount or Max Rs. 510
For Salaried Personal Loan 
Nil
For Pensioner loans upto Rs. 25,000. 
Rs. 255
For Pensioner loans above Rs. 25,000
Andhra BankUpto 2.75% of the loan amount
Syndicate Bank0.50% of the Loan amount or Min Rs. 500
For Salaried Personal Loan 
Zero to Rs. 200
For Personal Loan to Senior citizens
Corporation Bank1.50% of the loan amount.
Min Rs. 500
Dena Bank1% of the loan amount.


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