Personal loan lenders (banks and credit unions) in USA don’t charge any fees other than interest while processing the personal loan. If your going with private lender, they may charge the processing FEE, so please check the term before applying the loan. Now you know where to get the loan from and whom to avoid saving the processing fees.
Some private lenders make money only though processing fees, so better you do your research before applying for any loan. LendMesh company executive paid few times processing / origination fees for the few lenders year ago and learnt the lesson.
Few private lenders charges origination fee is a one-time upfront charge that your lender subtracts from your loan to pay for administration and processing costs. It’s usually between 1% and 5%, but sometimes it’s charged as a flat-rate fee. For example, if you took out a loan for $10,000 and there was a 5% origination fee, you would only receive $9,500 and $500 would go back to your lender. It’s best to avoid origination fees if possible.