There are many factors that contribute to the cost of a loan. Some consumers forget about the costs associated with the preparation fee. This is a one-time fee for undertaking activities related to loan preparation. It is worth considering what constitutes the amount of the preparation fee and what determines its amount.

What exactly is the loan preparation fee?

What exactly is the loan preparation fee?

These are all kinds of costs that the lender incurs in order to be able to grant the loan. Examples of preparation costs are:

– Credit check.

– Transferring money to the borrower

Both banks and loan companies charge such a fee. At the same time, it is worth emphasizing that it is charged once.

What influences the amount of the preparation fee?

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There are many factors that influence the amount of the preparation fee. It is primarily influenced by the loan amount and the loan period. It is noteworthy that both factors influence separately, which means that:

– The same loan amount for different repayment periods may have different preparation fees.

– Different loan amount, for the same repayment periods may have different preparation fees. You can check the costs of preparation fees at the institution whose services you are interested in. Most companies today provide ready-made calculators that you can use very simply. In addition, such information can be found in the fees table, which can be found on the lender’s website.

How is the preparation fee different from the commission?

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It is also worth mentioning the lender’s commission. This is the amount paid to the entity for performing a specific legal act. For financial institutions, this can be, for example, granting a loan, while the preparation fee includes all the activities that the lender must complete in order to grant a loan.

For the consumer, the main difference is that the commission is reimbursed in the event of cancellation of the loan, part of it is reimbursed when the liability is repaid early. Preparation fees are not refundable.


Before taking a loan, it is definitely worth checking the amount of the preparation fee. These are the costs you will incur and you should consider them when assessing the profitability of a loan. It may turn out that an institution with a seemingly higher interest rate has lower additional fees. That is why it is worth considering this when choosing a lender.

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