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Origination Fee |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.02 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| 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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