| Fee | Amount | Frequency | Description |
| Origination Fee | 1% of the target amount | One time | This is a one-time, non-refundable fee that will be deducted from the loan proceeds before they are delivered to the borrower. |
| Late Payment Fee |
the greater of $15 or 5% of past due amount
|
Per occurrence | If a borrower fails to pay us the full amount of any monthly payment within 10 calendar days of its due date we may charge a late fee in an amount equal to the greater of $15 or 5% of past due amount. |
|
ACH Return or Check Refund Fee |
$15 | Per occurrence | We will charge this fee if bank transfers (ACH) or checks are returned or fail due to insufficient funds in your account or for any other reason. Each attempt to collect a payment is considered a separate transaction, so an unsuccessful payment fee will be assessed for each failed attempt. The bank that holds your designated account may assess its own fee in addition to the fee we assess. |