Best Title Loan Lenders Morgan Hill, CA
1. CommonWealth Central Credit Union
400 Tennant Station Morgan Hill CA 95037
+1 800-564-1588
2. CommonWealth Central Credit Union
1041 Cochrane Rd 180 Morgan Hill CA 95037
+1 800-564-1588
3. OE Federal Credit Union
325 Digital Dr ste b Morgan Hill CA 95037
+1 408-782-9803
4. Auto Title Loans
17600 Monterey Rd Morgan Hill CA 95037
+1 408-776-1123
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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