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Definitions from WordNet

Definitions from the Web

Installment Loan

Definition:

An installment loan refers to a type of loan that is repaid over time through a fixed schedule of regular payments. It involves borrowing a set amount of money and paying it back in equal installments, typically on a monthly basis. Installment loans are commonly offered by banks, credit unions, and online lenders.

Sample Sentences:

1. She took out an installment loan to finance her home renovations.
2. The monthly installment for his car loan is due on the 15th of every month.
3. Many people prefer installment loans because they provide predictable monthly payments.
4. He used an installment loan to purchase a new laptop for his studies.

Possible Related Products on Amazon:

Books about Installment Loans

Financial advice for managing Installment Loans

Installment Loan Lenders