Why all finance companies takes various types of processing fees and internal rates.
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In that fact the loan holders are suffering badly while the loan is approved. Because the loan holders always submit their processing fees as counsellor advises.
While the loan is approved the procedures seem to change and the customers are not capable to submit as per the terms and ultimately the loan is cancelled.
But India is a very poor country and people's earning is very low. In this condition a poor family looses the money. Because the Financial companies and Bank refund the amount of processing loan.
I am already suffering very badly because my family income is very low. So, I request to all the Financial companies and Banks kindly do not collection their fees before disbursement of the loan or any other changes of loan.