Best Title Loan Lenders Farmville, VA
1. TitleMax Title Loans
1506 S Main St Farmville VA 23901
+1 434-392-3511
2. Lendmark Financial Services LLC
907 S Main St 9 Farmville VA 23901
(434) 392-3171
3. Virginia Credit Union
100 Midtown Ave Farmville VA 23901
+1 434-392-9420
4. OneMain Financial
1506 S Main St 10 Farmville VA 23901
+1 434-392-9455
5. Payday USA
1012 W 3rd St I Farmville VA 23901
+1 434-392-1836
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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