# Entry Fee **Entry Fee: One-Time Loan Initiation Fee**\ The **Entry Fee** is a one-time charge deducted upfront when taking a loan on Liqfinity. The fee depends on your tier: higher tiers unlock lower fees, rewarding committed users. #### Entry Fee Structure by Tier | Tier | Entry Fee | Fee Amount (on $1,000 loan) | Amount Received | | ------- | --------- | --------------------------- | --------------- | | Basic | 4% | $40 | $960 | | Pioneer | 2.5% | $25 | $975 | | Silver | 2% | $20 | $980 | | Gold | 1.5% | $15 | $985 | | Diamond | 1% | $10 | $990 | #### How It Works * The higher your tier, the lower your entry fee. * Pioneer NFT holders enjoy reduced fees compared to Basic users, encouraging early adoption. * Silver, Gold, and Diamond users unlock the lowest costs, reinforcing the value of holding more tokens. ⚠️ **Important:** Even though fees are deducted upfront, you must always repay the **full borrowed amount plus any hourly fees**.\ \ \&#xNAN;*(Example: A Basic-tier loan of $1,000 → you receive $960 after the 4% fee is deducted, but you still owe $1,000 + accrued fees.)* --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.liqfinity.com/features/borrow/entry-fee.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.