Understanding loan charges
Beyond the interest rate, loans carry a set of one-time charges — processing fee, technical/legal verification charges, MODT (mortgage registration), and stamping. These are typically deducted from the disbursed amount or paid upfront, and vary based on your loan amount and loan type.
What each charge covers
- Processing Fee — covers the lender's cost of evaluating and processing your application
- Technical & Legal Charges — covers property valuation and legal title verification
- MODT — Memorandum of Deposit of Title Deeds, a charge for registering the property as security
- Stamping & Notary — statutory charges for documentation
Are these charges negotiable?
Some components, like the processing fee, can sometimes be negotiated depending on your profile and the lender's current offers. A LoanGuy Fintech expert can advise on what's realistic for your situation.
Do charges differ between Home Loan and Mortgage Loan?
Yes — the processing fee structure differs between the two: Home Loans typically use a tiered slab based on loan amount, while Mortgage Loans are usually calculated as a flat percentage of the loan amount.
Are these figures final?
No — this calculator gives an indicative estimate based on standard published rate slabs. Actual charges vary by lender, loan product and applicant profile.