Best Title Loan Lenders Travelers Rest, SC
1. Bank of Travelers Rest
42 Plaza Dr Travelers Rest SC 29690
+1 864-834-9031
2. ABC Finance Co
225 N Poinsett Hwy Travelers Rest SC 29690
+1 864-834-9054
3. Bank of Travelers Rest
500 Roe Center Ct Travelers Rest SC 29690
+1 864-834-9061
4. Cash To Payday
21 S Main St Ste A Travelers Rest SC 29690
+1 864-834-5364
5. Ace Cash Title Loans Inc
525 N Highway 25 Travelers Rest SC 29690
+1 864-877-3453
6. Gary Pouch – Raymond James
42 Plaza Dr Travelers Rest SC 29690
+1 864-834-9031
7. Travelers Rest Title Loans
525 US-25 Travelers Rest SC 29690
+1 864-834-3599
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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