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  2. Installment loan - Wikipedia

    en.wikipedia.org/wiki/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 installment loan.

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

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

    An installment loan makes sense if you can afford the payment, are financially stable enough to repay it and get some sort of financial benefit from it. Installment loans require a payment ...

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

    www.aol.com/finance/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 ...

  5. Instalment - Wikipedia

    en.wikipedia.org/wiki/Instalment

    Equated monthly installment, a fixed payment amount made by a borrower to a lender at a specified date each calendar month; Installment Agreement, an Internal Revenue Service (IRS) program, which allows individuals to pay tax debt in monthly payments; Installment loan, a loan that is repaid over time with a set number of scheduled payments

  6. 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 .

  7. Equated monthly installment - Wikipedia

    en.wikipedia.org/wiki/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.

  8. How Do IRS Payment Plans Work? - AOL

    www.aol.com/irs-payment-plans-211621085.html

    Long-term installment agreement with any other payment method — phone, mail or in-person setup fee: $225. Restructure or reinstate a payment plan — online setup fee: $10.

  9. Hire purchase - Wikipedia

    en.wikipedia.org/wiki/Hire_purchase

    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.