A private loan without upfront fee consists of a credit facility provided by a private lender to a private borrower without charging him any fee in advance of the loan disbursement.

Private borrowing without upfront fee is an a arrangement between two individuals or an institutional private lender and a private person whereby no fee not commission is required to be paid prior receiving the loan on the borrower bank account.

A private financing facility must involve a solid loan agreement which includes clear terms and conditions such as interest rates, management and arrangement fees which payable upon the cash disbursement and not prior the loan payment. more “Province seeks to revoke licence of Hamilton Cash Stores over payday loans”