option 1 credit union logo with link back to home page.

Chapter 9

  • Loan To Own
  • You Will Know
  • Lending Terms
  • The Four Cs
  • Annual Percentage Rate (APR) Table
  • Car Loans vs. Leases
  • Obtaining a Car Loan
  • Title Loans
  • Unsecured installment Loan Benefits
  • Relationships Are Important


  • Skip to Chapter:
    1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10


    Annual Percentage Rate
    (APR) Table






    The cost of a $5,000 loan over 5 years
    APR Monthly
    Payments
    Total Cost
    10% $106.24 $6,374.40
    11% $108.71 $6,522.60
    12% $111.22 $6,673.20
    13% $113.77 $6,826.20
    14% $116.34 $6,980.40
    15% $118.95 $7,137.00
    16% $121.59 $7,295.40