Best Title Loan Lenders Marion, SC
1. TitleMax Title Secured Loans
105 E Liberty St Ste A Marion SC 29571
+1 843-423-0367
2. Auto Money
1015 E Liberty St Marion SC 29571
+1 843-423-0480
3. Southern Finance
516 N Main St Marion SC 29571
+1 843-423-1529
4. Regional Finance
Pee Dee Plaza Shopping Center 1107 E Godbold St Marion SC 29571
+1 843-423-9000
5. World Finance
2537A East Hwy 76 Marion SC 29571
(843) 423-3975
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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