> For the complete documentation index, see [llms.txt](https://docs.liqfinity.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.liqfinity.com/features/borrow/entry-fee.md).

# 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**.\
\
*(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.)*