The chart above is for example only. With an actual installment loan, your repayment might look different than the examples above. Your Annual Percentage Rate (APR) will be determined on your loan date, and will be made available to you before you sign your loan agreement. Rates are calculated using the simple interest method. Your full payment schedule will be included in your agreement. You can reduce the total cost of your loan by paying off your loan prior to your last due date on your payment schedule, or by making additional payments on or between your payment due dates. There are no penalties for prepayment.