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Why is there a loan fee?

Lendable loans include a one-off fee, which covers the costs of setting up and servicing your loan. This fee helps pay for:

  • Processing your application

  • Running credit checks

  • Verifying your documents

  • Managing your loan throughout its term

There are no hidden charges, and we will never ask you for any money upfront. The loan fee is simply added to the amount you borrow and paid back through your regular monthly payments, making everything simple and transparent.

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