Example 1: A borrower took a loan of $1,000, with a 10% loan approval fee of $100 deducted upfront, meaning $900 was disbursed to the borrower. If the borrower cancels the loan within the cooling-off period, the borrower would need to repay up to $950 in total, where $900 is the remaining principal disbursed and $50 is the maximum loan approval fee the licensed moneylender is allowed to retain.

Example 2: A borrower took a loan of $10,000, with a 2% loan approval fee of $200 deducted upfront, meaning $9,800 was disbursed to the borrower. If the borrower cancels the loan within the cooling-off period, the borrower would need to repay up to $10,000 in total, where $9,800 is the remaining principal disbursed and $200 is the maximum loan approval fee the licensed moneylender is allowed to retain.

Example 3: A borrower took a loan of $10,000, with a 10% loan approval fee of $1,000 deducted upfront, meaning $9,000 was disbursed to the borrower. If the borrower cancels the loan within the cooling-off period, the borrower would need to repay up to $9,350 in total, where $9,000 is the remaining principal disbursed and $350 is the maximum loan approval fee the licensed moneylender is allowed to retain.