You can expect to pay one-time Transaction Fees for each loan which include the:
The Credit Check Fee is the fee customers are charged to check their credit history and current loans. This fee is $90.00.
The standard Negotiation Fee is 1.5% of the loan amount, and is paid by the borrower to close the transaction. This fee is non-refundable.
The Insurance Fee is paid by the borrower to provide for any eventuality (in the event of death of the borrower)
The Deed of Release Fee is a Legal Fee paid to release properties held as collateral for a vehicle loan. This fee is paid at the end of the Loan.
The following fee is the only recurring fee:
The Mortgage Bill of Sale is another Legal Fee, however this fee is not a one-time fee. This fee is paid by the customer every three (3) years.