Best Title Loan Lenders Cordova, TN
1. TitleMax Title Loans
1120 N Germantown Pkwy Cordova TN 38016
(901) 754-5325
2. 745 Cash
1425 N Germantown Pkwy Cordova TN 38016
+1 901-255-1539
3. Regional Finance
8001 Centerview Pkwy Suite 203 Cordova TN 38018
+1 901-254-8831
4. OneMain Financial
1024 N Germantown Pkwy Cordova TN 38018
+1 901-754-1242
5. Truist
1136 N Germantown Pkwy Cordova TN 38018
+1 901-417-5500
6. Cash Now Title Loan
8042 Willow Tree Ln Cordova TN 38018
+1 901-755-2292
7. Title Assurance Escrow Inc
8121 Walnut Run Rd 200 Cordova TN 38018
+1 901-737-3332
8. Lendmark Financial Services LLC
750 N Germantown Pkwy Suite 4 Cordova TN 38018
+1 901-538-6004
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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