Record sanctioned principal. Use the signed disclosure or sanction document.
List every upfront deduction. Processing, documentation, insurance and other charges should be itemised.
Check GST treatment. Apply GST only where the charge is taxable under the current invoice or disclosure; do not assume GST is charged on principal.
Verify bank credit. Match the expected net disbursal with the amount actually received.
Compare total repayment. Use EMI × number of instalments plus any separate future charges, then compare competing offers on the same amount and tenure.
Red flag: if the lender or app cannot explain why the bank credit is lower than the sanctioned amount, stop and request an itemised written reconciliation.