Legacy does not charge origination fees. However Legacy does change an annual rate, which is billed monthly. For illustrative purposes only, if your annual rate is 3%, then a $1,000 loan would accrue an interest fee of 0.25% of the outstanding balance billed after one month, and another 0.25% a month later. In this example, 3% is the annual rate, and if you divide it by 12 months you will get the 0.25% monthly rate. For current Legacy rates, please visit our pricing page.
