Lenders may charge a flat origination fee or a fee based on a percentage of the total loan. An origination fee is what a lender charges for the administrative costs of providing the loan for the borrower. How much does a loan origination fee cost? The percentage that you're charged for a personal loan origination fee can depend on a variety of factors, including:Your credit scoreYour incomeYour loan amountYour loan lengthWhether you need a co-signerSome personal loan lenders allow for the origination fee to be deducted from your loan amount. For example, let's say you need to take out a $20,000 personal loan to pay for a medical bill and the loan comes with a 5% origination fee ($1,000).

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