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- Depends on yr. negotiating skills & contacts, minimum could be 5000 bucks to 0.5 % of the loan value .CommentQuote0Flag
- Here in INdia, There is this concept of Pre-approval of loan. But for sure you have to pay pre-processing fee. PSU Banks dont provide this opportunity as well.
Pvt banks do provide this based on your negotiation skill. It varies from bank to bank. LIC takes 1000+Taxes, Other charge approx .5% of loan value as manoja has written.
However the most important part here is that you need to check the validity of the pre-approval letter. It is not infinitely applicable. Generally it varies from 3-6 months. After that if you ask for disbursement the bank will charge same processing fees again.