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Tag: Precomputed Loan

  • What is a Precomputed Loan

    What is a Precomputed Loan

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    Precomputed loans, also known as precomputed interest loans, are the non-popular means of calculating interest rates on a car loan, which benefits the lender. Instead of sharing interests uniformly across the life of a loan, the interest is up-fronted. This means that more interest is paid at the start of the loan and reduced at…