Original research
How much cash do you receive after a personal-loan fee?
Quick answer
If a lender takes a fee from your loan, you receive less than you borrow. Subtract the fee to find the cash you get. If you need a set amount after fees, you may have to borrow more. Check that larger payment and the lender’s loan limit.
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Two questions need different math
Example only: a $10,000 loan with a 10% fee taken out sends you $9,000. The $1,000 fee reduces your cash. You still repay the $10,000 loan plus interest.
If you need $10,000 in cash instead, divide $10,000 by 0.90. That gives a loan of about $11,111.11. A 10% fee takes about $1,111.11, leaving $10,000. These figures assume no other deduction.
Use subtraction when you know the loan amount. Work backward when you know the cash need. The larger loan must still fit the lender’s rules and your budget.
The fixed scenarios show the range of effect of fees
Scroll across to see all columns.
| Program | Fee input | Loan amount before fees |
|---|---|---|
| Prosper | 9.99% | $11,109.88 |
| Oportun | 10% | $11,111.11 |
| Upstart | 8.15% | $10,887.32 |
| Happen Bank | 8% | $10,869.57 |
| SoFi | 7% | $10,752.69 |
| Upgrade | 9.99% | $11,109.88 |
| Best Egg | 9.99% | $11,109.88 |
| Avant | 9.99% | $11,109.88 |
| LendingPoint | 10% | $11,111.11 |
| Discover | 0% | $10,000 |
| Wells Fargo | 0% | $10,000 |
| U.S. Bank | 0% | $10,000 |
| PNC | 0% | $10,000 |
| Citi | 0% | $10,000 |
| Alliant Credit Union | 0% | $10,000 |
| PenFed Credit Union | 0% | $10,000 |
The loan amount before fees may exceed a product limit
Use the fee method on your offer
These examples use a fee taken from the loan. A fee paid on its own needs separate cash. A fee added to the balance needs a different calculation. Ask the lender which method applies before you use a percentage.
Check cash after fees, payment, and full cost in the loan calculator. Enter the loan amount before the fee. If you need $10,000 after a 10% fee, start with about $11,111.11.
Check the next part of your offer
Check what reaches you before you borrow
Use the fee method from your offer and make sure the cash covers your bill.