Personal-loan fee study
Correction and scope note
Edition published 2026-09-27
This edition covers fee math and seven dated checks of origination-fee disclosures. It replaces the earlier, broader loan study.
← Return to the studyWhat this edition covers
Two hypothetical loans deliver the same $10,000 at 12% fixed interest over 36 months. One has no origination fee; the other has a 5% deducted fee. Seven providers’ own no-origination-fee disclosures were checked on September 26, 2026.
Earlier comparisons withdrawn
The earlier edition, personal-loan-funded-cost@2026-09-05.collection.3, included 78 modeled scenarios and broader funded-cost, state, creditor and borrower-group comparisons. Those comparisons are withdrawn from the active report. The old comparison pages and downloads no longer serve as current evidence.
Oportun’s loan-limit interpretation and SoFi’s advertised-versus-funded comparison remain unresolved. Neither supplies a finding in this edition. The earlier September 9 correction to SoFi’s funded period does not resolve whether those groups of loans can be compared.
The 5% example
The main example now uses a 5% deducted fee instead of 10%. All amounts were recalculated using the same method. The example does not establish an average or typical market fee.
Separate calculator reference
The loan-versus-card calculator’s dated APR benchmark file is separate from these withdrawn comparisons. Its original dates, limits and review status are unchanged. Read that reference.
Report a correction
If you find an error, contact Rung with the page link, figure and source. We keep the earlier edition in our research archive. Existing reuse permissions for previously licensed Rung work are unaffected.