To take out a loan, banks usually charge various administrative fees. Fees are usually charged for documentation, administration and similar services. Other fees and charges may also be applied. For some facilities, banks may offer other services to be purchased at the time the loan is made. Also, some loans may be insured against unemployment or the death of the borrower. There are also fees and charges that the borrower may have to pay during the life of the loan. These could include late payment charges and early repayment penalties. Borrowers should be clear on what fees and charges are associated with the loan