At Lendified, we’ve made it our business to make your borrowing experience as simple and easy as possible. We do the same for your rates and fees. We have no hidden fees attached to our lending process.
You’ll find out your rate upon approval, and the loan and interest payments will be consolidated as one – making it easy for you to manage your bank account activities. You can repay your loan in full at any time – with no prepayment penalties. And the loan is a fixed rate, so your costs will never increase.
Lendified seeks to provide competitive market rates for our borrowers based on the credit score appropriate for your risk. We do charge a one-time origination fee to cover the costs associated with assessing, funded and servicing your loan. This fee is usually 3% depending on the credit risk profile of the approved applicant. (Loan Slider: Indicative interest rate of 10.99% used for demonstration purposes only).