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Origination Fee

   Also found in: Dictionary/thesaurus, Wikipedia 0.03 sec.

A charge imposed by a lending institution or a bank for the service of processing a loan.

For example, a bank might charge an individual who has applied for a student loan an origination fee of one percent for processing the application and granting the loan.


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? References in periodicals archive
The origination fee is limited to the greater of $2,000 or 2% of the maximum claim amount.
Lenders that discount the allowable 3% origination fee on Federal Stafford Loans permit students to receive more of the funds they're borrowing.
Also, for a limited time, Cal Fed has special offers for all its CalCPA business customers, including three months of free business checking, $50 off your first order of business checks and no loan origination fee on business loans of less than $100,000.
 
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