Are there any other payments asides interest rates?
Yes. Depending on the type of loan, you may be required to pay the following fees and charges;
- Appraisal Fee (non-refundable) – 1% of approval amount
- Commitment Fee (non-refundable)– 1% of approval amount
- Monitoring Fee – 0.0125% of approval amount per quarter (on reducing balance)
- Insurance charge
- Legal Fees
2 of 5 people found this helpful.