Processing fees

Under US GAPP -The loan origination fee can be amortised over the life of the the loan to which the fee is relate.

Under AS- If the loan is taken for Capital Project then loan processing fees should be capitalized as per AS-16 Borrowing Cost. 

As per para 6 of  AS-16, Borrowing Cost that are directly attributable to the acqisition, construction and production of a qualifying assets should be capitalized as part of the cost of the assets. The amount of borrowing costs eligible for capitalization should be deteremined in accordance with this statement. Other borrowing costs should be recognised as an expense in the period in which they are incurrent.