What is a set up fee?

A set up fee is a fee charged by FLM to those applying directly to us for loans 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 instalments on your paperwork will already include the fee. FLM do not charge an upfront fee.