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Lending Hub Fees
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Our fees for a peer to peer loan originated on the Lending Hub platform include a application fee and settlement fee charged to borrowers and a loan management fee charged to lenders.

Borrower and Lender Fees

Fees for Borrowers

To start borrowing from the Lending Hub community is both simple and inexpensive!

Our online application fee is just $30 which allows us to verify your information and post your loan online for your friends to start bidding and lending.

If your loan is fully funded then we can settle the loan for you and we charge a small percentage of the total loan amount as a settlement fee (only charged if your loan is fully funded and settled!).

AA: 1.25%, A: 1.5%, B: 2%, C: 2.5%, D: 3%, E: 3.5% and HR: 4%

Fees for Lenders

To get started lending on Lending Hub is free...you simply need to prefund your account to start bidding on a loan.

If your loan is fully funded then we can settle the loan for you and we charge a small percentage of the total loan amount as a settlement fee (only charged if your loan is fully funded and settled!).

If the loan you bid on is fully funded and is settled then the borrower starts making monthly repayments which we collect and process. We charge a small service fee as a percentage of each monthly repayment.

AA: 1%, A: 1.25%, B: 1.5%, C: 1.75%, D: 2%, E: 2.5% and HR: 3%

Other Fees and Charges

The only other fees that we generally charge in addition to the above third-party direct debit processing fees and a late payment fee of $40 charged to a borrower who is late or defaults on a scheduled repayment. Your financial institution or bank may of course charge you transaction fees as per usual.