Origination & Application Fees
What we've seen…
Charging hundreds of dollars in origination and application fees that are not disclosed in the original quote.
Dr. A would have paid a $775.00 origination fee on the equipment he financed.
How to protect yourself…
Have your lender itemize the full cost of starting your lease or loan.
Don't just base your decision on the quoted rate alone.
Lease/Loan Comparison Hotline:
As a no-obligation service for policyholders, you can call NCMIC's Lease/Loan Comparison Hotline. A specialist will compare a lease or loan you're considering to ours—before you sign on the dotted line.
Call 800-396-7157, ext. 6939
Learn more about the lease/loan comparison hotline
While NCMIC does not provide legal advice, we'd be happy to compare it to our contract and point out differences in terms and fees.
< Back to Financing "Gotchas"
800-915-3007 ext. 5418