SBP asks banks to rationalise loan fee Applicants applying for housing loans are being charged exorbitant processing fee KARACHI: Pakistan’s central bank has taken notice of exorbitant application processing fee charged by commercial banks and development finance institutions (DFIs) for the much-hyped government’s subsidised loans for low-cost housing. It has also observed that financial institutions are unduly delaying the processing of applications. The State Bank of Pakistan (SBP) has directed the banks and DFIs to improve their behaviour towards customers and asked them to issue an e-tracking code to each applicant so they could check the status of their applications and know whether it has been approved or rejected.