The intermediary’s loan service fee is their “errand fee”.

Generally speaking, when we buy second-hand houses, the real estate agency will not only charge agency fees, but also charge loan service fees. This fee is the cost of dealing with banks and appraisal agencies in order to help customers successfully apply for housing loans. After all, when applying for a home loan, there are many procedures that need to be completed. If the customer handles it himself, it will not only be time-consuming and labor-intensive, but some procedures may not be completed at once.

Since real estate agents often handle such business, they will be familiar with the various processes involved, making it much more convenient than customers. The housing agency provides services and of course charges a certain amount of remuneration, which is the loan service fee.

Legal Basis

Article 963 of the "People's Republic of China and Civil Code": Intermediary right to claim remuneration If the intermediary facilitates the establishment of a contract, the client shall follow the agreement Pay compensation. If there is no agreement on the intermediary's remuneration or the agreement is unclear, and it cannot be determined in accordance with the provisions of Article 510 of this Law, it shall be reasonably determined based on the intermediary's services. If an intermediary provides intermediary services for the conclusion of a contract and facilitates the establishment of the contract, the parties to the contract shall equally bear the remuneration of the intermediary. If an intermediary facilitates the establishment of a contract, the costs of intermediary activities shall be borne by the intermediary.