Best Title Loan Lenders Magnolia, AR
1. Peoples Bank
500 N Jackson Magnolia AR 71753
+1 870-234-5777
2. Title Guaranty Co
100 E North St Magnolia AR 71753
+1 870-234-1291
3. Southern Title Closing
417 North Washington Magnolia AR 71753
+1 870-234-8500
4. Ameriprise Financial Services Inc
515 N Jackson Magnolia AR 71753
+1 800-297-4575
5. American Pawn Loan Co
1402 E Main St Magnolia AR 71753
+1 870-234-7296
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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