An origination fee is a percentage of the loan amount we charge as a cost to maintain the loan. Best Egg Vehicle Equity loan origination fees range from 4.49% - 8.99% of the full loan amount and pays for things like underwriting the loan, verifying documents, and pulling a credit report. In addition, titling fees will be charged, which are associated with filing a lien at your state or county titling agency. The origination fees are added to the dollar amount requested.
For example: If you select a loan for $10,000 with an origination fee of 4.99%, your origination fee is $499 and will be added to the full loan amount. However, only the amount requested of $10,000 will be deposited in your bank account.
Note: This fee impacts your Annual Percentage Rate (APR), which reflects the total cost of your loan including fees and interest. Please review your loan agreement for your exact APR before accepting.
When you’re ready, check your rates here.