Processing Charge : It’s a fee payable to Home Finance Companies on applying for a loan. It is either a fixed amount not linked to the loan or may also be a percentage of the loan amount.
Pre-payment Penalties: When a loan is paid back before the end of the agreed duration, a penalty is charged by some banks/companies, which is usually between 1% and 2% of the amount being pre-paid.
Commitment Fees: Some institutions levy a commitment fee in case the loan is not availed of within a stipulated period of time after it is processed and sanctioned.
Miscellaneous Costs: It is quite possible that some lenders may levy a documentation or consultant charges.
Registration of mortgage deed.