Best Title Loan Lenders Las Vegas, NM
1. Sun Loan Company
222 Mills Ave Las Vegas NM 87701
(505) 425-8044
2. OneMain Financial
2510 7th St Ste E Las Vegas NM 87701
+1 505-425-3583
3. World Finance
600 Mills Ave Las Vegas NM 87701
+1 505-454-0677
4. New Mexico Land Title Company
801 7th St Las Vegas NM 87701
+1 505-425-5227
5. Liberty Tax Loans
1010 Mills Ave Las Vegas NM 87701
+1 505-425-6074
6. Courtesy Loans
609 E Lincoln St Las Vegas NM 87701
+1 505-454-7600
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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