$2,000 Title Loan vs BetterFi
Max APR
279.5%
264%
28%
Cost of borrowing
$465 interest/fees
$440 interest/fees
$47 interest
Paying down the loan
$35 principal
$60 principal
$453 principal
Time until paid off
>1 year
>10 months
<5 months
Total paid at end
>$6,407
>$5,331
<$2,124
6 Month Payment
Total paid
$651 / month
$3,907
$631 / month
$3,789
$361 / month
$2,167
Total paid
$8,583
$8,147
$2,472
Flex Loan
Title Loan
Yes
Confusing fees?
Yes
No
$507 / month
12 Month Payment
$484 / month
$193 / month
$500 Payment
Example payment:
$500 Payment
$500 Payment
$2,316
Total paid
$6,083
$5,814
$137 / month
18 Month Payment
$477 / month
$452 / month
Ready to pay less and pay off that title loan?
Actual amounts could vary based on the frequency of and number of days before or between payments. Exact amounts rounded to the nearest dollar.
“Cost of borrowing” and “Paying down the loan” amounts estimated for first monthly payment.
BetterFi terms typically vary between 6 and 18 months. BetterFi’s maximum effective APR is 28% but rates vary between 10% and 28%.
Terms and conditions apply for any credit extended by BetterFi, and approval is not guaranteed. Nothing contained on this page constitutes a quote.