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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. 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.

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. 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 ...

6. Equated monthly installment - Wikipedia

   en.wikipedia.org/wiki/Equated_Monthly_Installment

   The formula for EMI (in arrears) is: [2] = (+) or, equivalently, = (+) (+) Where: P is the principal amount borrowed, A is the periodic amortization payment, r is the annual interest rate divided by 100 (annual interest rate also divided by 12 in case of monthly installments), and n is the total number of payments (for a 30-year loan with monthly payments n = 30 × 12 = 360).

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

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

   Consider a secured installment loan: Some lenders offer secured installment loans to those with poor credit. These loans are backed by collateral, like a house or car, reducing the risk for the ...