Under the rule of 78s,loans for a year or less usually do not allow for a finance charge rebate.

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The Rule of 78s is primarily used for loans longer than one year; for loans of a year or less, it's less applicable because it disproportionately allocates interest to the early months of a loan, making early payoff less advantageous, thus not typically involving finance charge rebates for short-term loans.

Under the Rule of 78s,loans for a Year or Less