A one-time fee charged when a loan is funded, usually 1–6% of the loan amount. Rolled into APR. Watch for “no origination” lender marketing on personal or vehicle loans — sometimes the fee is just renamed as a documentation or processing charge.
O
A one-time fee charged when a loan is funded, usually 1–6% of the loan amount. Rolled into APR. Watch for “no origination” lender marketing on personal or vehicle loans — sometimes the fee is just renamed as a documentation or processing charge.