New Delhi, May 15 -- A personal loan can help you meet various objectives. On one hand, it can help you overcome any medical or other emergency. On the other hand, it can help you celebrate occasions like family functions and festivals, or enjoy a much-deserved family vacation.

It can also help you buy gadgets, consumer durables, etc., that provide convenience and help improve the quality of your life. However, personal loans come with various fees and charges. In this article, we will understand the various fees/charges in a personal loan.

Some of the fees/charges in a personal loan include the following.

Banks have to incur certain administration expenses to process the personal loan or any other loan application. These charges are l...