Best Title Loan Lenders Mountain City, TN
1. Check Into Cash
2309 S Shady St Mountain City TN 37683
+1 423-727-5724
2. Covington Credit
130 Pioneer Village Dr Mountain City TN 37683
+1 423-727-2700
3. Cash Express
503 S Church St Mountain City TN 37683
(423) 727-0028
4. Mountain City Pawn Shop
111 Village Square Ln Mountain City TN 37683
(423) 727-5358
5. Walker Title LLC
118 W Main St A Mountain City TN 37683
+1 423-727-0207
6. The Cash Company of Mountain City
109 Village Square Ln Mountain City TN 37683
(423) 727-8811
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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