Definition

Related Definitions


Loan Application Fee

  • Updated on

It is defined as the fee that may be charged to a potential debtor for getting a loan. For all category of loans, the loan application fee is necessary and is meant to pay for the prices of the loan approval process.

Loan application fees present a high-level threat for low-credit-quality borrowers, since most of these fees are non-refundable.




Top ASX Listed Companies


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.