Common use of Charges/Fees Clause in Contracts

Charges/Fees. All Processing Fees and charges shall be paid by the Borrower at the time of disbursement of the Loan by the Bank. Failing which, the Bank shall have the sole discretion of withholding any amount/s which may aggregate to the Loan Amount being disbursed. Any such Charges/Fees/Tax should be paid to the Bank by the Borrower forthwith upon debit, or along with the next following EMI. Even if the Borrower chooses not to avail the Loan, he/she/they shall remain liable to pay to the Bank the Processing Fees. Further, such Processing Fees will not be refundable under any circumstances. The Borrower shall also pay to the Bank applicable documentation charges, cheque/ECS/ACH/SI return charges, Late Payment Charges, and all such charges mentioned in the Agreement. All charges/fees will be subject to applicable Tax.

Charges/Fees. All Processing Fees and charges shall be paid by the Borrower at the time of disbursement of the Loan by the Bank. Failing which, the Bank shall have the sole discretion of withholding any amount/amount/ s which may aggregate to the Loan Amount being disbursed. Any such Charges/Fees/Tax should be paid to the Bank by the Borrower forthwith upon debit, or along with the next following EMI. Even if the Borrower chooses not to avail the Loan, he/she/they shall remain liable to pay to the Bank the Processing Fees. Further, such Processing Fees will not be refundable under any circumstances. The Borrower shall also pay to the Bank applicable documentation charges, cheque/ECS/ACH/SI return charges, Late Payment Charges, and all such charges mentioned in the Agreement. All charges/fees will be subject to applicable Tax.