Best Title Loan Lenders Salem, NH
1. Loanmax Title Loans
353 S Broadway Salem NH 03079
(603) 890-4951
2. Loanmax Title Loans
73 S Broadway Salem NH 03079
+1 603-893-6940
3. Better Title Loans by Auto Equity Loans
450 S Broadway UNIT 7 Salem NH 03079
+1 603-458-7605
4. LoanMax Title Loans
522 S Broadway Salem NH 03079
+1 603-893-4060
5. Title Cash
314 S Broadway Unit A Salem NH 03079
+1 603-890-5758
6. Financial Aid Services
90 Stiles Rd 101 Salem NH 03079
(603) 328-1550
7. Thompson Title Settlement
202 Main St STE 102 Salem NH 03079
+1 603-898-0008
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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