This is a fee that many (but not all) lenders charge as part of your personal loan. It's a one-time fee (usually 1-5%) that’s taken out of the amount you borrow. For example, for a $10,000 loan with a 4% origination fee, you’d actually receive $9,600 ($10,000 loan - $400 origination fee). Since the fee is taken out upfront, paying off your loan early won't help avoid it. This fee is included in the APR shown with your loan, making it easy to compare different offers from different lenders.