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MoneyPlace fees, like its interest rates are personalised. As a rule of thumb, the lower your risk category, the lower the fee percentage.
This fee ranges from 0% to 5.5% of the loan amount, depending on your risk band. The fee starts at $0 and is capped at a maximum $950.
When you get a rate estimate MoneyPlace will tell you what your fee will be. So you don’t need to worry about working it out.
The fee will also be added to the loan amount you requested so that you’re not out of pocket.
MoneyPlace Establishment Fees are detailed below, including an example for a $15,000 loan.