Is the processing fee refundable if my loan or credit application is denied?

Generally, processing fees are nonrefundable, even if a loan or credit application is denied. However, some lenders may have different policies regarding processing fees, so it's best to check with your specific lender to see if they offer refunds in such cases. Additionally, some lenders may refund the processing fee if they fail to provide the services for which the fee was charged. It's important to carefully review the terms and conditions of any loan or credit agreement before agreeing to it to understand the policies and fees associated with it.