verb (used without object), prorated, prorating. 1. to make an arrangement on a basis of proportional distribution. verb (used with object), prorated, prorating. 2. to divide, distribute, or calculate proportionately. Origin of prorate.
Origination charge: The VA allows lenders to charge up to 1 percent of the loan amount to cover origination, processing and underwriting costs. They can choose to either charge you a flat 1 percent origination fee, or pick and choose among a host of fees, so long as they add up to no more than 1 percent.
Origination fees for personal loans. Origination fees for personal loans through LendingClub range between 1.00% and 6.00% of the loan amount. The origination fee is included in your APR and it is only charged if you receive a loan. Your origination fee varies, depending on your credit rating and the information in your application.