What fees am I charged?


Fee

Amount

Frequency

Description

Late Payment Fee

The greater of 5% of monthly past due amount or $15

Per occurrence

If a borrower fails to pay us the full amount of any monthly payment within 10 calendar days of its due date we may charge a late fee in an amount equal to the greater of 5% of the past due amount or $15.

ACH Return or

Check Refund Fee

$15

Per occurrence

We will charge this fee if bank transfers (ACH) or checks are returned or fail due to insufficient funds in your account or for any other reason. Each attempt to collect a payment is considered a separate transaction, so an unsuccessful payment fee will be assessed for each failed attempt. The bank that holds your designated account may assess its own fee in addition to the fee we assess.

Paper Copies

$10

Upon request

In the event that you withdraw your eSign consent and request paper copies of your records, we reserve the right to charge up to $10 (one time) to process requests for paper copies. 


Origination Fee

1% of the principal amount

One-time

This is a one-time, non-refundable fee that will be deducted from the loan proceeds before they are delivered to the borrower

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