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Review by steelmag54692 years ago
An origination fee for a loan request
I applied for a business loan on their website and received this reply:
"An origination fee is typically a set amount for an account. However, an origination fee usually varies from 1.0% to 15.0% of a given loan amount, depending on whether the loan was originated in the prime or the subprime market. For loan of $7,000, an origination fee of $7,000 loan is $350. In this regard, you are going to make a fee of $350 for an origination fee, Note this fee has to be done before you receive your loan it's not deducted from the loan amount. Kindly try and raise this fee immediately to enable complete of your loan."
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