Application fee
Cards & borrowingA fee charged when you apply for a credit product.
Overview
Application fees are less common for credit cards but can appear with loans or mortgages.
They may cover administrative or valuation costs.
Why it matters
- It adds to the cost of borrowing.
- You may pay it even if you are not approved.
- It affects product comparisons.
FAQs
Do all lenders charge application fees?
No. Fee policies vary by product and lender.
Are application fees refundable?
Sometimes, but not always. Check the product terms.
Related terms
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