What fees does Lending Loop charge a Borrower?
Lending Loop is transparent about all fees that we charge. Borrowers only pay a fee once they receive their funds. This means no upfront costs and no cost to apply for a loan. The one-time borrowing fee is simply taken from the loan amount when the funds are transferred to the borrower. The borrower fees are dependent on the risk rating of the borrower and term of the loan. Our fee schedule displays how this works.