The loan contracts facilitated by RateSetter contain no fees for lenders. Lenders may have to pay a Release Fee depending on the investment product they have chosen.
Borrowers are charged fees to pay RateSetter for its role in originating and servicing the loans and to contribute to the Provision Fund. These fees vary by term, amount and the creditworthiness of the borrower. They are split between being charged at the outset and through the term of the loan.
As of the last 12 months, the average of the split of those fees is set out in the table below: