The following calculator allows users to enter any monthly interest rate and loan term to fully compare the monthly payments of two loans.
It goes a step further than our other car title loan payment calculator by showing the full amortization of two title loans. We hope this help with your research on the cost of a title loan to determine if one is right for you.
Step 1: Enter the loan amount you plan on borrowing
Step 2: Enter the interest rate for the loan you want to compare to
Step 3: Click “calculate” and view the results.
The results will show you each month’s payment and how it breaks down into Principal and Interest. The totals for each are also shown at the bottom of the table. This information allows you to see how two loans with a different interest rates compare.