laon query

[dentbombay]

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Hi,
can anyone tell me if there is any processing fee that ought to be paid to procure loans and whether the interest on the loan begins to accrue once the loans r disbursed or as they r deferred, it begins to accrue when u start repaying......
thank you

 

[Shery]

Hi,
can anyone tell me if there is any processing fee that ought to be paid to procure loans and whether the interest on the loan begins to accrue once the loans r disimbursed or as they r deferred, it begins to accrue when u start repaying......
thank you

I did not pay any thing to get the loan I don't think any body does and the interest starts when you start paying back CORRECT ME IF I AM WRONG ..

 

[La fea]

I did not pay any thing to get the loan I don't think any body does and the interest starts when you start paying back CORRECT ME IF I AM WRONG ..

Origination fee, disbursement fee etc. if applicable depends on the bank. Interest starts to accrue when the loan is 1st disbursed.