Best Title Loan Lenders Broken Bow, OK
1. 1st Bank Trust
710 S Park Dr Broken Bow OK 74728
+1 580-584-9123
2. Rocks Pawn Gun
704 N Park Dr Broken Bow OK 74728
+1 580-584-7296
3. First State Bank Hochatown Branch
129 N Lukfata Trail Broken Bow OK 74728
+1 580-494-3105
4. Jos Pawn Shop
1609 S Park Dr Broken Bow OK 74728
+1 580-584-9475
5. Money Depot
101 E Choctaw St Broken Bow OK 74728
+1 580-584-9005
6. Security Finance
1204 S Park Dr Broken Bow OK 74728
+1 580-204-5446
7. Diamond Finance Loans Broken Bow
611 S Park Dr Broken Bow OK 74728
+1 580-584-9360
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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