Estimate your fee and net proceeds
Illustration only. Confirm how the lender applies the fee in its disclosures.
What is an origination fee?
An origination fee is a charge associated with making the loan. The CFPB notes that personal installment loans may include origination or documentation fees. A lender may deduct a fee from the proceeds, finance it, or structure the transaction another way.
How the calculator works
Fee = loan amount × fee percentage. If the fee is deducted before disbursement, net proceeds = loan amount − fee. On a $15,000 loan, a 5% fee equals $750, leaving $14,250 in estimated proceeds.
| Fee rate | Fee on $15,000 | Net proceeds if deducted |
|---|---|---|
| 1% | $150 | $14,850 |
| 3% | $450 | $14,550 |
| 5% | $750 | $14,250 |
| 8% | $1,200 | $13,800 |
| 10% | $1,500 | $13,500 |
Do not compare fee percentages alone
A no-fee offer can still cost more if its interest rate is higher. APR is intended to reflect interest plus certain loan charges, so compare APR, net proceeds, monthly payment, and total repayment for offers with the same amount and term.
Questions to ask before accepting
- Is the fee deducted from the money sent to me?
- Is it included in the APR?
- Do I repay interest on a financed fee?
- What amount must I borrow to receive the cash I need?
- Are any insurance or add-on products optional?
For a full side-by-side estimate, use the Loan2Us loan comparison calculator.
Primary sources: CFPB: personal installment loan fees and CFPB: interest rate vs. APR.