diff --git a/contracts/Loan.sol b/contracts/Loan.sol
index b6106ad0..e9a50d19 100644
--- a/contracts/Loan.sol
+++ b/contracts/Loan.sol
@@ -38,9 +38,8 @@ contract Loan is ILoan {
     uint256 public immutable payment;
     uint256 public paymentsRemaining;
     uint256 public paymentDueDate;
-    uint256 public latePaymentFee;
-    uint256 public originationFeeBps;
     uint256 public originationFee;
+    ILoanFees fees;
 
     /**
      * @dev Modifier that requires the Loan be in the given `state_`
@@ -100,8 +99,7 @@ contract Loan is ILoan {
         address liquidityAsset_,
         uint256 principal_,
         uint256 dropDeadTimestamp,
-        uint256 latePaymentFee_,
-        uint256 originationFeeBps_
+        ILoanFees memory fees_
     ) {
         _serviceConfiguration = serviceConfiguration;
         _factory = factory;
@@ -116,7 +114,7 @@ contract Loan is ILoan {
         apr = apr_;
         liquidityAsset = liquidityAsset_;
         principal = principal_;
-        latePaymentFee = latePaymentFee_;
+        fees = fees_;
 
         LoanLib.validateLoan(
             serviceConfiguration,
@@ -136,9 +134,8 @@ contract Loan is ILoan {
         payment = paymentsTotal.mul(RAY).div(paymentsRemaining).div(RAY);
 
         // Persist origination fee and cache the computed value
-        originationFeeBps = originationFeeBps_;
         originationFee = principal
-            .mul(originationFeeBps)
+            .mul(fees.originationBps)
             .mul(duration.mul(RAY).div(360))
             .div(paymentsRemaining)
             .div(RAY)
@@ -324,7 +321,7 @@ contract Loan is ILoan {
                 payment,
                 _serviceConfiguration.firstLossFeeBps(),
                 IPool(_pool).poolFeePercentOfInterest(),
-                latePaymentFee,
+                fees.latePayment,
                 paymentDueDate
             );
 
@@ -355,7 +352,7 @@ contract Loan is ILoan {
                 amount,
                 _serviceConfiguration.firstLossFeeBps(),
                 IPool(_pool).poolFeePercentOfInterest(),
-                latePaymentFee,
+                fees.latePayment,
                 paymentDueDate
             );
 
diff --git a/contracts/LoanFactory.sol b/contracts/LoanFactory.sol
index 8f8f6178..b3287996 100644
--- a/contracts/LoanFactory.sol
+++ b/contracts/LoanFactory.sol
@@ -41,8 +41,7 @@ contract LoanFactory {
         address liquidityAsset,
         uint256 principal,
         uint256 dropDeadDate,
-        uint256 latePaymentFee,
-        uint256 originationFee
+        ILoanFees memory fees
     ) public virtual returns (address LoanAddress) {
         require(
             _serviceConfiguration.paused() == false,
@@ -60,8 +59,7 @@ contract LoanFactory {
             liquidityAsset,
             principal,
             dropDeadDate,
-            latePaymentFee,
-            originationFee
+            fees
         );
         address addr = address(loan);
         emit LoanCreated(addr);
diff --git a/contracts/interfaces/ILoan.sol b/contracts/interfaces/ILoan.sol
index 659c6cf9..0c124611 100644
--- a/contracts/interfaces/ILoan.sol
+++ b/contracts/interfaces/ILoan.sol
@@ -26,6 +26,11 @@ struct ILoanNonFungibleCollateral {
     uint256 tokenId;
 }
 
+struct ILoanFees {
+    uint256 latePayment;
+    uint256 originationBps;
+}
+
 interface ILoan {
     /**
      * @dev Emitted when loan is funded.
diff --git a/test/Loan.test.ts b/test/Loan.test.ts
index 7845c42a..6edce602 100644
--- a/test/Loan.test.ts
+++ b/test/Loan.test.ts
@@ -104,8 +104,10 @@ describe("Loan", () => {
       liquidityAsset.address,
       500_000,
       Math.floor(Date.now() / 1000) + SEVEN_DAYS,
-      1_000,
-      loanSettings.originationFee
+      {
+        latePayment: 1_000,
+        originationBps: loanSettings.originationFee
+      }
     );
     const tx2Receipt = await tx2.wait();
 
diff --git a/test/support/loan.ts b/test/support/loan.ts
index 38a17d6a..d1132057 100644
--- a/test/support/loan.ts
+++ b/test/support/loan.ts
@@ -47,7 +47,10 @@ export async function deployLoan(
     liquidityAsset,
     1_000_000,
     Math.floor(Date.now() / 1000) + SEVEN_DAYS,
-    0
+    {
+      latePayment: 1_000,
+      originationBps: 0
+    }
   );
 
   const txnReceipt = await txn.wait();