In this example, the APR is 291.19% for a $1,000 Installment Loan with an Effective Date of 08/13/2020, payable in 23 bi-weekly installments.
Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments |
---|---|---|---|
The cost of your credit as a yearly rate
291.19%
|
The dollar amount the credit will cost you
$1,820.88
|
The amount of credit provided to you on your behalf
$1,000.00
|
The amount you will have paid after you have made all payments as scheduled
$2,820.88
|
Payment Date | Payment Amount |
---|---|
08/27/2020 | $122.68 |
09/10/2020 | $122.68 |
In this example, the APR is 291.89% for a $1,000 Installment Loan with an Effective Date of 09/16/2020, payable in 11 monthly installments.
Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments |
---|---|---|---|
The cost of your credit as a yearly rate
291.89%
|
The dollar amount the credit will cost you
$1,627.56
|
The amount of credit provided to you on your behalf
$1,000.00
|
The amount you will have paid after you have made all payments as scheduled
$2,627.56
|
Payment Date | Payment Amount |
---|---|
10/02/2020 | $238.79 |
11/04/2020 | $238.78 |