The one-time origination fee is our cost of processing the loan. It ranges from 0.99% - 9.99% of the full loan amount and is deducted from the amount deposited into your bank account.
For example: If you select a loan for $10,000 with an origination fee of 4.99%, the fee is $499 and will be deducted from the full loan amount. The amount deposited in your bank account will be $9,501.