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- Setup Fees - |
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Setup fees are one-off administrative fees that are charged at the start of a loan, but are usually added to the cost of the loan itself rather than being charged up front. Set up fees are one of the charges that make up the difference between the interest rate and the APR of a given loan. Some lenders use the fact that they charge no setup fees as a selling point, but in the end the APR never lies; a loan that is free to set up but has a high interest rate will probably be more expensive than a cheap-rate loan with a modest setup fee.
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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| Think carefully before securing other debts against your home. Your home may be reposessed if you do not keep up repayments on your mortgage or any other debt secured on it. Loans secured on your home. |
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