The cost of a personal loan depends on many factors. Some lenders may offer lower interest rates than others, and the rate you qualify for will depend on your creditworthiness and financial profile. Additionally, lenders often charge fees such as application, origination and late charges. Understanding these fees can help you make a more informed decision about a personal loan. When comparing personal loan lenders, it's important to look at their annual percentage rate (APR), which includes both interest and mandatory fees like origination charges. This provides a more accurate picture of the true cost of the loan and can help you determine which lender is the best fit for your needs.