Upfront fees - Many banks follow the procedure of collecting upfront fees for processing the application. They adjust the fees with the processing fee in case they approve the loan. Remember, this is a non-refundable fee. It is usually in the range of 3,000 to 5,000. Processing fees - The regular processing fees are in the range of 0.5-1%. Valuation charges - Normally, these charges are included in the processing fees. But, some banks charge it as a separate entity. These charges are payable to the valuation engineer who determines the value of the property and submits the valuation report to the bank. Legal Scrutiny charges - Similar to the valuation charges, some banks include these charges in the processing fees. At times, you have to incur these charges separately. It is payable to the advocate who conducts the legal search of the property and submits the Legal Scrutiny Report. Mortgage Registration charges - Some states in India do not require the registration of the equitable mortgage. It is compulsory in states like Tamil Nadu. You have to incur these charges (0.5% of the loan amount subject to a maximum of 25,000 as stamp duty and 5,100 as equitable mortgage registration charges) Prepayment charges - Some banks charge prepayment charges to the tune of 2% to 5% of the outstanding loan It depends from bank to bank. Insurance - Insurance of the property to be mortgaged to the bank is compulsory. Also, some banks have tie-ups with insurance companies who market their products like loan insurance, health insurance, and personal accident coverage. These are optional charges.