Our lenders typically do not charge up-front fees 👍
Our lenders typically do not charge upfront fees or set up fees when you have applied for your loan. However, it’s always a good idea to confirm this with your chosen lender just to be certain that they do not:
- Charge you any upfront fees or set up fees when you have applied for your loan
- Add any up-front fees to your loan agreement
Lenders will however charge interest and fees for the loan – lenders typically charge interest on the loan amount, which is a percentage of the borrowed sum. The specific interest rate will depend on various factors, such as your creditworthiness and the type of loan you are applying for. Additionally, lenders may also include fees in the repayment terms, such as origination fees or late payment fees. It’s important to carefully review the loan agreement and ask the lender for a breakdown of all applicable fees before proceeding with the loan.
If you have any questions or concerns about this, just raise them with your lender.