Keep in mind your lender could charge an origination fee upfront.
Lenders have different types of fees and there are many factors they consider when it comes to determining the size of their fee for each loan.
For example, some may require a fee be paid based on the length of the repayment term. Other capital providers might charge one flat fee based on the interest rate. Finally, some might charge a fee based on a percent of the total loan amount.
In addition, if you default or miss a payment, there will be may be additional fees.
