Definitions for "Processing Fee"
Keywords:  paperwork, fee, annum, charge, scrap
A fee charged by a party in a payment system for processing transactions or settlements.
It is a one time fee which is normally non-refundable and is payable before your loan is disbursed. The rates may vary from 1-2% of the loan amount.
A cost associated with the handling and routing of messages not relating to either cardholder service or equipment (e.g. ATM) usage charges.