No admin fee?
Yes there won't be an admin fee if only your loan is not approved.
If your loan is approved, there will be an admin fee charge + loan approved fee which total is 5% of your approved loan.
For 1k loan, it will be $50.
As mention in earlier blog, it used to be 2% loan approve fee + $30 admin fee.
it work out to be the same or more.
For 2k loan, it will be $100. This is $30 more as compared to last time you pay $30 for admin and 2% which is $40. Toal was $70.
Hmmmmmm........... Nice marketing gimmick.