FreeDom Cash Lenders
https://freedomcashlenders247.com/
A personal loan with no origination fee can save you from having to pay a fee just to have your application processed. But that doesn’t mean a loan with no origination fee is automatically your best bet.
When you compare loan options, you want to zero in on the proposed APR. Your APR gives you a better sense of the true cost of your loan because it includes fees plus the interest rate. If you have a competitive APR offer, an origination fee might be worth it for you.
You’ll also want to keep in mind that the origination fee might be taken from your loan proceeds, meaning you won’t get the full amount you asked for. If you get a $10,000 loan with a 2% origination fee, you’ll actually receive $9,800 if the fee is taken from your loan amount.
https://freedomcashlenders247.com/
A personal loan with no origination fee can save you from having to pay a fee just to have your application processed. But that doesn’t mean a loan with no origination fee is automatically your best bet.
When you compare loan options, you want to zero in on the proposed APR. Your APR gives you a better sense of the true cost of your loan because it includes fees plus the interest rate. If you have a competitive APR offer, an origination fee might be worth it for you.
You’ll also want to keep in mind that the origination fee might be taken from your loan proceeds, meaning you won’t get the full amount you asked for. If you get a $10,000 loan with a 2% origination fee, you’ll actually receive $9,800 if the fee is taken from your loan amount.
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