The Car Title Loan Calculator lets you calculate the interest, fees, and payments for any car title loan. First, you will need the interest rate that the title lender charges. Next, you will also need your loan amount, and any lien fees associated with the loan (if they are to be added to your loan). Finally you will need the length of the loan in months. The Car Title Loan Calculator processes this information and provides you with both a summary of costs with an estimated payment schedule.
The car title loan calculator provides the results instantly, showing you your payment schedule for the loan information you entered. Typically when you get a title loan the lender will record their lien on their title. The fee associated with this is usually added to the principal loan amount. While it is usually a small amount; it does have an affect on the total loan payments and estimate. This is one of the typical additional costs for car title loans.