Best Title Loan Lenders Bay Minette, AL
1. TitleMax Title Loans
301 US-31 Bay Minette AL 36507
+1 251-937-3077
2. Alabama Title Loans Inc
1400 US-31 South Bay Minette AL 36507
+1 251-937-0486
3. Western Finance
201 DOlive St Bay Minette AL 36507
+1 251-937-0493
4. World Finance
34 Hand Ave Bay Minette AL 36507
+1 251-580-5039
5. Advance America
904 McMeans Ave Bay Minette AL 36507
+1 251-937-5687
6. Regional Finance
906 McMeans Ave Suite B Bay Minette AL 36507
(251) 239-5660
7. Always Money
201 Chamber Dr ste g Bay Minette AL 36507
+1 251-580-2426
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Fixed installment method
With the fixed installment method, the payment each month is fixed. But the amount going toward interest is getting smaller, while the amount going toward principal grows larger month by month.
Equal Principal and Equal Interest
The principal is divided into equally monthly amounts. And the interest each month is calculated on the total principal, which means it will not be reduced over time.
APR
An APR, short for Annual Percentage Rate, refers to a percentage that reflects the yearly cost of borrowing a loan over its term.
Finance Charge
A finance charge is the total amount of cost paid on a loan. It includes interest, fees, and other charges that are collected over its life.
- Total Principal Paid: $ 4,000.00
- Finance charge: 473.42
- APR: 36.00 %
- Total Principal Paid: $ 10,000.00
- Total Interest Paid: $327.97
- Loan term: 12 months