Post Office loans - powered by Lendable include a one-off fee that covers costs associated with the loan, including setup and servicing.
These costs include various administrative expenses, such as processing the loan application, conducting credit checks, verifying documentation, and managing the loan throughout its term.
By charging a loan fee, Post Office Loans - powered by Lendable ensures that it can cover these operational costs and continue to provide a high-quality experience to our customers.
There are no hidden charges, and we will never ask you for any money upfront. We make it simple for our customers by adding the fee to the amount you borrow, and it is paid back as part of your regular monthly payments.