Skip processing fees on your home loan. Here is how!

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Raghu’s dream is to have a beautiful home. After finalizing a property, he applied for a home loan through an agent. Raghu was not aware of the home loan process and was shocked to see how much he had to pay to process his home loan. 

All the banks charge you processing fees for taking up your loan application. It can be as low as ₹ 5,000 and go up to ₹ 10,000. Add GST to that and you have a close to 12k cut in your cash. While some banks may run offers and let you skip the processing fees, you end up paying it almost all the time. If you approach multiple banks for a loan proposal, you have to shell out separate processing fees for every bank you are approaching. The fees are an additional burden and can be skipped.

Raghu was discussing the same with his friend Chetan, who has taken up a home loan through Estate.One and didn’t have to pay any processing fee and got a home loan at a lower rate too.

You can now stop paying processing fees for your home loan by applying through Estate.One. Not only do you get to save the processing fees but also get the best offer from multiple banks and get to pick the best one that suits you. The best part is that your CIBIL score is not affected even though you enquire from multiple banks. You also would get to save other charges on your home loan when you switching to smart home loans from Estate.one.