If you received less than your full loan amount, it's because of a one-time origination fee. This origination fee covers the cost of processing your loan and ranges from 0.99% to 9.99% of the total loan amount for our unsecured personal loans. It is included in the total loan amount but is deducted from the amount you receive before the funds are deposited into your bank account.
The Secured Home Loan origination fee ranges from 1.49% to 9.99% of the full loan amount. Then the fee is deducted from the amount you receive into your bank. To learn more about secured home loans visit here.
Example:
If you select a $10,000 loan with a 4.99% origination fee, the $499 fee is deducted before the funds are sent to you. You would receive $9,501 in your bank account, and interest would be calculated on the full $10,000 loan amount.
To view your Loan Agreement and Truth in Lending Disclosure, log in to your Best Egg account:
- Go to the Personal Loan dashboard.
- Click the Documents tab.
- Select Loan Documents to download a PDF.
