Are you calculating the APR you charge your installment loan, car title loan and payday loan borrowers correctly?
Does your
installment, payday and car title loan loan management software [LMS] correctly calculate the annual percentage rate (APR) on your loan contracts? I HIGHLY RECOMMEND you double check your APR calculations!
Here’s a link to a free APR tool provided by the Office of the Comptroller of the Currency! Download it free here: APR Calculator
