An origination fee is a one-time fee, calculated as a percentage of your total loan amount, that covers the cost of processing the loan. This fee is deducted from your loan proceeds before the funds are deposited into your account—but is included in the total loan amount.
Example:
If you’re approved for a $10,000 loan with a 4.99% origination fee, $499 will be deducted from the amount you receive, and $9,501 will be deposited into your account.
Optional "Top-Up" Feature:
We offer a “Cover the Fee” or “Top-Up” option, which allows you to receive the full loan amount you requested in your account by increasing the loan amount to include the origination fee.
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