Is it reasonable for China Industrial and Commercial Bank to charge me RMB 6,543,800+RMB 3,000 as the financing consultant fee of RMB 5oo for personal housing mortgage loan?
A banking regulatory bureau in a province recently responded to the practice of banks charging "financing consultant fees" and tying bank wealth management products. Relevant persons of the banking regulatory bureau of this province made it clear that it is illegal to collect the "financing consultant fee" and the bank should return it. At the same time, the banking regulatory bureau of the province issued eight opinions to promote the successful settlement of mortgage disputes. One of them is to require banks to conduct a comprehensive self-examination of individual housing loan business, and it is strictly forbidden for banks to violate the central and local mortgage policies and the relevant regulatory provisions of the CBRC. It is strictly forbidden to bundle sales, collect fees at random and make false promises, and it is strictly forbidden to collect improper fees in various names.
If in doubt, please consult your local banking regulatory bureau.