Arrangement fee
Cards & borrowingA fee charged by a lender for setting up a mortgage or loan.
Overview
Arrangement fees are common on mortgages and some loans.
They can be paid upfront or added to the loan.
Why it matters
- It increases the total cost of borrowing.
- Adding it to the loan can increase interest.
- It helps compare deals fairly.
FAQs
Is an arrangement fee refundable?
It depends on the lender and the product terms.
Can I avoid arrangement fees?
Some products have no fee, but the interest rate may be higher.
Related terms
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