Can processing fees be considered a hidden cost?

Processing fees can be considered a hidden cost if they are not clearly disclosed to the borrower at the time of applying for the loan or making the transaction. Some lenders or service providers may advertise lowinterest rates or prices but have high processing fees that are only revealed at a later stage. In such cases, the processing fee may come as a surprise to the borrower and can significantly increase the overall cost of the loan or purchase. It is important for borrowers to carefully review all fees and charges associated with a loan or transaction before agreeing to the terms.