Best Title Loan Lenders Seymour, TN
1. World Finance
10721 Chapman Hwy Ste 25 Seymour TN 37865
+1 865-577-4019
2. Cash Express
10718 Chapman Hwy 10 Seymour TN 37865
+1 865-223-7874
3. A A Title Pawn
11941 Chapman Hwy Seymour TN 37865
+1 865-609-6889
4. Secure Title Agency Inc
11618 Chapman Hwy ste c Seymour TN 37865
+1 865-773-0998
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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