What is a set up fee?

A set up fee is a fee charged by FLM to those applying directly to us for loans of under £3,000 and for top-up loans. This fee is to cover the costs for the work done prior to payout.

Don't worry, the fee is rolled into the monthly repayments over the term of the loan to make that fee more managable. The monthly installments on your paperwork will already include the fee. FLM do not charge an upfront fee.