Do personal loans have origination fees?

Some personal loans have origination fees. Some lenders don’t have origination fees at all, while others only use origination fees on certain loans depending on the borrower’s qualifications. Origination fees may be a set dollar amount or a percent of the loan principal, and most lenders allow the origination fee to be deducted from the loan proceeds. For example, if you borrow $10,000 with a $200 origination fee, $9,800 will be deposited into your bank account.