the Cost of Personal Loans

This loan origination fee was strictly for paperwork assosciated with getting the loan, it included the time and cost of a three credit bureau score report. The loan broke down into a $3000 loan being paid at $50 per two week period.

Overall the service was really good, the loan was put into place the very same day that we requested it. We simply made a call, and authorized our banker to pull our credit. The banker pulled the credit and then asked if we needed to have the loan finalized later that day or if having it approved in the morning would be ok. The bank then approved the loan and it was direct deposited into our checking account. This made things so much easier as we were able to go and sign the paperwork the very next day (due to having direct deposit the bank allowed a little more leway and gave a slightly better interest rate for the signature loan). Because we had a relationship with the bank I feel that we had better service than normal.

Most banks or lending institutions are willing to help you further if you have a track record with them and you get direct deposit (some places call it sure pay) to pay the loan off.