Loan File Fee Calculator

Calculate the maximum file fee that can be charged based on your loan amount.

Note: The maximum file fee cannot exceed 0.5% of the loan amount. This calculation is based on that rule.

Warning: This tool is for informational purposes only. For exact figures, consult your bank or a legal advisor.

What is a Loan File Fee? How is it Calculated and Can it be Refunded?

Understanding Loan File Fees

A loan file fee is an official charge that banks may collect from individual customers when applying for a loan. According to regulations enacted in 2014 (Regulation on Fees Collectible from Financial Consumers), this fee cannot exceed 0.5% (5 per mille) of the loan amount.

It covers administrative and operational costs incurred by the bank during the loan process.

Example:
If you take a $100,000 loan, the maximum file fee is:

$100,000 × 0.005 = $500

What is Included in the File Fee?

  • Not included: Insurance, appraisal (expertise), collateral registration, or other third-party costs.

  • These additional charges are separate from the official file fee.

Maximum File Fee

Loan Amount Maximum File Fee
$10,000 $50
$50,000 $250
$100,000 $500
$200,000 $1,000
$500,000 $2,500

Unfair Terms

According to the Consumer Protection Law, an unfair term is any contractual condition that:

  • Is added without negotiation,

  • Causes an imbalance between the parties,

  • Violates fairness and harms the consumer.

Fees charged before the 2014 regulation may fall under this category.

Can the File Fee be Refunded?

Yes, refund claims are possible.

  1. Loans Taken Before 2014:

    • File fees may be considered unfair, and claims are often approved.

  2. Loans Taken After 2014:

    • Refund is possible if the charged fee exceeds the legal maximum (0.5%).

How to Claim a Refund:

  1. Apply to Consumer Arbitration Committee

    • Include bank receipts and application forms.

  2. Process Duration

    • Decisions are generally made within 6 months.

  3. Statute of Limitations

    • Claims can be made for up to 10 years retroactively.

File Fees by Loan Type

Loan Type Notes
Personal (Consumer) Loan File fee, sometimes life or accident insurance may also apply.
Mortgage Loan File fee + appraisal, collateral registration, DASK, property insurance. Life insurance may be mandatory.
Car Loan File fee + mandatory car insurance. Life or accident insurance may also apply.

Frequently Asked Questions

Q: When is a file fee not applied?
A: If the fee exceeds 0.5% of the loan, it cannot be collected.

Q: Is it valid for all loan types?
A: Yes, personal, mortgage, and car loans.

Q: Can post-2014 file fees be refunded?
A: Yes, if the charged amount exceeds legal limits.

Q: How long does the refund process take?
A: Usually within 6 months after application.

Conclusion

Know your rights. Loan file fees are legal, but may be refundable if unfairly charged. Pre-2014 loan borrowers have a high success rate in refund claims.

⚖️ Note: This is for informational purposes. Consult a lawyer or financial advisor for detailed advice.