We charge a small fee (3% - 5%) to cover the cost to secure the loan and provide the best service possible.
How service fees work
The Lender pays the fees and the Borrower pays the Lender back on the agreed-upon repayment schedule.
Once the terms of the loan have been accepted by both parties, the one-time fee is transferred from the Lender's bank account to Zirtue's bank account. Simultaneously, the principal balance of the loan is transferred from the Lender's bank account to the Borrower's bank account.
The Lender will see two transactions similar to the image below: