The term OEM stands for Original Equipment Manufacturer. What does that really mean? It means that the part was made by a company that is a subcontractor to a vehicle manufacturer. It DOES NOT mean the part was made by the manufacturer.
The Rule-of-78's is sometimes used for car loans or other consumer loans. To print any loan schedule, click on Print Preview and then Print this schedule. When the first period, the period of time between the loan date and the first payment date is longer than one full period, there will be interest due for the extra days. This is known as odd day interest. The odd day interest, with this schedule, is shown as being paid on the loan date.
1 Fixed interest rate home equity loan with a fixed monthly payment. 2  Choose your monthly payment and weâll help you determine the loan amount and term that work best for you. 3  Pay for home improvements and educational expenses or consolidate debt. Typically no closing costs. 2  Fixed interest rate home equity loan with a fixed monthly payment. 3  Choose your monthly payment and weâll help you determine the loan amount and term that work best for you. 4  Pay for home improvements and educational expenses or consolidate debt.