There’s a one-time origination fee associated with the 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%, your fee is $499 and will be deducted from the full loan amount. The amount deposited in your bank account would be $9,501.
To view your Loan Agreement and Truth in Lending Statement (which includes the origination fee and details of your loan), log into your Best Egg account and access the Personal Loan dashboard. Then, click the Documents tab and select “Loan Documents.”
From there, you can download the desired agreement as a PDF.
