Best Title Loan Lenders Lehi, UT
1. Lendio
4100 Chapel Ridge Rd Suite 500 Lehi UT 84043
+1 855-853-6346
2. TitleMax Title Loans
1438 E Main St Suite 1 Lehi UT 84043
+1 801-768-0525
3. Meridian Title Company
170 S 1200 E Suite 250 Lehi UT 84043
+1 801-407-3888
4. Backman Title Services
3333 Digital Dr 260 Lehi UT 84043
+1 385-336-8390
5. Eagle Pointe Title
3315 W Mayflower Ave Lehi UT 84043
+1 801-766-9401
6. Compass Bad Credit Loans
1899 W Traverse Pkwy Lehi UT 84043
+1 385-412-6839
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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