Best Title Loan Lenders Covington, TN
1. Advance America
1618 Hwy 51 South Ste D Covington TN 38019
+1 901-476-1150
2. Advance Financial
416 US-51 Covington TN 38019
+1 901-252-0502
3. Tennessee Title Loans Inc
868 US-51 Covington TN 38019
+1 901-476-4120
4. State Finance Co
C 1400 TN-3 N STE Covington TN 38019
+1 901-476-1237
5. Heights Finance
105 Mueller Brass Rd Covington TN 38019
+1 901-476-9477
6. World Finance
1603 Highway 51 S J Covington TN 38019
+1 901-476-9292
7. Cash Depot
881 US 51 S Covington TN 38019
+1 901-476-4969
8. Cash-N-Dash
830 Highway 51 North Covington TN 38019
+1 901-475-4652
9. Cash Express
525 US-51 Covington TN 38019
+1 901-475-0174
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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