The cost of equipment loans varies based on the lender, though there are some standard fees you can expect. These include interest, a standard with any loan. Keep in mind that interest rates vary between lenders and you can save a lot of money by finding a more competitive interest rate. Additionally, there are administrative and origination fees associated with opening the account. Other costs include late and early repayment fees. Be sure that you are completely aware of any monthly and yearly costs associated with your loan.