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2. Installment loan - Wikipedia

   en.wikipedia.org/wiki/Installment_loan

   Installment loan. An installment loan is a type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payments; [1] normally at least two payments are made towards the loan. The term of loan may be as little as a few months and as long as 30 years. A mortgage loan, for example, is a type of ...

3. What is an installment loan & how does it work? Know ... - AOL

   www.aol.com/finance/installment-loan-types...

   An installment loan is a type of closed-end debt. You pay it off over a set number of months or years, also known as your loan term. Unlike credit cards or lines of credit, which are open-ended ...

4. Common types of installment loans and their best uses - AOL

   www.aol.com/finance/common-types-installment...

   Installment loans typically come with lower rates than credit cards and lines of credit. Plus, interest can be fixed, which makes payments predictable — and easy to calculate before you borrow .

5. What is an Installment Loan and How Do They Work? - AOL

   www.aol.com/installment-loan-115041991.html

   An installment loan is a lump sum of money that you borrow and then pay back in fixed intervals. Installment loans are often used to finance a major purchase, like a house, car or boat, or to ...

6. Equated monthly installment - Wikipedia

   en.wikipedia.org/wiki/Equated_Monthly_Installment

   Equated monthly installment. An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is fully paid off along with interest.

7. Installment note - Wikipedia

   en.wikipedia.org/wiki/Installment_Note

   Installment note. An installment note is a form of promissory note calling for payment of both principal and interest in specified amounts, or specified minimum amounts, at specific time intervals. This periodic reduction of principal amortizes the loan .

8. How to compare installment loan lenders and find the best offer

   www.aol.com/finance/compare-installment-loan...

   Using a loan calculator can also help you compare terms to decide which is best for you. 5. Prequalify and compare rates. Prequalifying for a loan allows you to see your predicted eligibility odds ...

9. Hire purchase - Wikipedia

   en.wikipedia.org/wiki/Hire_purchase

   A hire purchase (HP), [1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time. Other analogous practices are described as closed-end leasing ...