Forum > Borrower Questions > Partially funded loans.
I would like to know, suppose you accept a loan which has been partially funded to about 15-20%.
And your original loan was $1,000 or more, will you still be charged 5% of the original amount or 5% of the funded amount.
The reason for this is that, if it is 5% of the original amount, then it would beat logic because this might as well be equal to all that has been partially funded!!!
The service fee will charged from the partial funded fund, if the borrower choose the partial funded loan.
Here take a look at linda's.
At first she applied for $1250, and until the last limit her loan only funded 4%, then she finally choose partial funded loan.
You can see on her about page that her loan amount is $50.02 and the service fee is 5% from $50.02. I know this because I asked her few weeks ago.
Translated by Google
Fitri, you are perfectly right. The 5% is charged only on the partial funded amount.
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