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What are the administration fees for?

April 26, 2017Administration fees

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10 Posted

What are the administration fees for?

2 Answers

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10 Posted

Administrative fees cover banking fees, transactional costs, staffing costs and other day to day operating costs. Due to the short term of the loan (maximum of 31 days) and the small size of the loan, these costs may be higher than other lending institutions.

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Posted

Administrative fees cover brokerage fee, banking fees, transactional costs, staffing costs and other day to day operating costs. Due to the short term of the loan (maximum of 14 days) and the small size of the loan, these costs may be higher than other lending institutions.