Loan Application Fee
Loan application fees are pretty standard in the lending industry but should be carefully reviewed all the same. Not all loan applications will require you to pay a fee; for example, the lender may waive the fee in an attempt to secure your business. In general, the fee should only be a couple hundred dollars - higher fees should be viewed with some skepticism. Most application fees are nonrefundable, even if the lender decides to not offer credit to the individual applying for a loan.
Investment dictionary. Academic. 2012.
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