DEFINITION
An origination fee is a one-time charge a lender takes for processing a new loan, usually a percentage of the loan amount.
Origination fees are included in APR, so compare APR rather than the interest rate alone.
GLOSSARY
An origination fee is a one-time charge a lender takes for processing a new loan, usually a percentage of the loan amount.
Origination fees are included in APR, so compare APR rather than the interest rate alone.