Best Title Loan Lenders Coconut Creek, FL
1. The Check Cashing Store
4450 N State Rd 7 8 Coconut Creek FL 33073
+1 954-972-4690
2. Montana Capital Car Title Loans
5450 W Hillsboro Blvd 7 Coconut Creek FL 33073
+1 754-247-0799
3. MVP Payday Loans
6961 NW 45th Terrace Coconut Creek FL 33073
+1 954-932-5493
4. Premium Bad Credit Loans
4806 Coconut Creek Pkwy Coconut Creek FL 33063
+1 754-704-8603
5. Top Cash Advance
4692 N State Rd 7 Coconut Creek FL 33073
+1 754-704-5360
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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