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An installment loan is a credit account that provides a lump sum to be paid off over time in equal monthly payments. Personal loans, auto loans, mortgages and student loans are all examples of installment loans.
An installment loan is a lump sum of money that you borrow and repay in regular payments — or installments — over a period of time, usually months or years. An installment loan is a...
With installment credit, the borrower receives a lump sum of money that they must repay, in installments, by a specified date. Both revolving and installment credit come in secured and...
An installment loan is a type of credit that involves monthly payments over a fixed repayment term. Mortgage loans, auto loans, personal loans and student loans are the most common types of installment loans.
An installment loan is a form of installment credit that is closed-ended and is repaid in fixed payments over a regular repayment schedule. Some common types of installment loans are mortgages, auto loans, student loans, and personal loans.
Installment credit (aka an installment loan) is a loan you make fixed payments on over a set period until the loan is paid off. Installment loans come with an interest rate (fixed or variable), applicable fees (late fees or origination fees) and a repayment plan that schedules your monthly payments (aka installments).
Compare installment loans for good or bad credit ratings from online lenders, banks and credit unions. Plus, read our guide to getting an installment loan.
NerdWallet’s installment loan calculator shows you a monthly installment loan payment, total interest costs and payoff date based on the loan amount, rate and repayment term you enter. Unlike...
An installment loan is a debt that gives you funds all at once that are paid off in monthly amounts, called installments, over a set period. Installment loan payments usually include interest...
What to know first: An installment loan lets you borrow a fixed sum of money and pay it back over a set period. You can use personal loans if you need to finance a large-ticket item, pay for an...