Regarding processing fees charges

  I have put my education loan in sbi against my property. After completing valuation and legal fees of advocate(paid by me separately)

I came to know that I will receive the amount which is not sufficient so I ask the bank to not proceed furthermore for deviation and mortgage and return my files.

Here the question is , How can they deduct my cheque (11,800) without informing me also can they charge processing fees of full amount without deviation and

Thanking you

Hi @Mustaq_Mohammed_Male

This is the standard charge that banks levy on education loan applications.

The processing fee in SBI is Rs. 10,000 + GST. So, the amount they have deducted is the processing fee, which is non-refundable.

I hope this answer clarifies your doubt. All the best!