In considering the true cost of a personal loan,if you used collateral to reduce the interest charge,then the appraisal fee charged to evaluate the assets should not be considered Chapter of the cost of borrowing.

Question

Quizplus · Accepted Answer

The appraisal fee charged to evaluate the assets used as collateral should be considered as part of the cost of borrowing, as it is an expense incurred as a result of taking out the loan.

In Considering the True Cost of a Personal Loan,if You