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Can I get a personal loan without an origination fee? Many personal loans have origination fees ranging from 1% to 5% of the total loan amount. Some may even charge as much as 10%, or a flat-rate fee.
Common fees include: Origination fees: An origination fee is a set percentage — typically between 1 percent and 10 percent — of the approved loan amount. It is taken from the amount you ...
As for its personal loan products, LendingClub offers installment loans for up to $40,000, with terms of three to five years and an APR of 9.57% up to 35.99%. Origination fees may range from 3% to 8%.
Lenders set origination fees between 1 percent to 10 percent of the loan amount, though some bad credit lenders will charge an origination fee up to 12 percent. So if you borrow a $10,000 personal ...
LendingClub offers loans as small as $1,000, compared to SoFi’s $5,000 minimum. This makes it a better choice if you just need a small cash boost to cover a small expense, such as a car repair ...
Both lenders offer solid personal loans that can help in various financial situations. However, there are key differences that may impact your choice. ... • Origination fee: 0.99%-8.99% • $15 ...
However, the first loan offer has an origination fee of 3 percent, while the second has a fee of 5 percent. The interest rate is the same for both loans, but the APR for the first loan will be ...
Fees. 1%-2% of the loan amount (depending on your credit score) Origination fee (amount varies by lender) Minimum credit score. 700. 640. Time to funding. Within 2 days of accepting the loan. 3-6 ...
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