Best Title Loan Lenders Sylmar, CA
1. ACE Cash Express
13711 Foothill Blvd Unit C Sylmar CA 91342
+1 818-364-9665
2. Gladys Borja – State Farm Insurance Agent
13920 Foothill Blvd Sylmar CA 91342
+1 818-362-5160
3. OneMain Financial
12669 Glenoaks Blvd Sylmar CA 91342
(818) 364-8399
4. 5 Star Car Title Loans
13254 Maclay St Sylmar CA 91342
+1 818-210-4556
5. MVP Personal Loans
15987 Yarnell St Sylmar CA 91342
+1 747-236-6528
6. Payday Loans
Hubbard St Sylmar CA 91342
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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