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"

Equipment Loans

EXPRESS APPLICATION

Call a financing specialist at 800-396-7157, ext. 5418

Equipment loans offered by NCMIC Finance Corporation are subject to credit approval. You should consult an attorney or financial advisor for specific legal or tax advice before entering into any financing arrangement. NCMIC and the equipment vendor you select are separate companies, are not agents of one another, and have no authority to bind one another to financial or other contractual obligations.