Best Title Loan Lenders Grants, NM
1. New Mexico Title Loans Inc
105 W Santa Fe Ave Grants NM 87020
+1 505-287-9008
2. Sun Loan Company
106 E Santa Fe Ave Grants NM 87020
+1 505-287-2769
3. Check `n Go
300 E Santa Fe Ave Grants NM 87020
+1 505-285-3400
4. World Finance
621 W Santa Fe Ave Grants NM 87020
+1 505-285-5746
5. Quest Title Company
1016 Rodeo Ground Rd Grants NM 87020
+1 505-287-4383
6. LendNation
214 E Santa Fe Ave Grants NM 87020
+1 505-287-7500
7. A A Title Loans
205 W Santa Fe Ave Grants NM 87020
+1 505-287-2445
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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