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Installment Loan Definition & Example | InvestingAnswersInstallment Loan Definition & Example | InvestingAnswersInstallment Loans: How They Work and Examples - NerdWalletWhat Is an Installment Loan? Definition and Examples 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; 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. The term is most strongly associated with traditional consumer loans, originated and serviced locally, a…18/07/2021 · An installment loan is a type of loan that is repaid in periodic installments (usually monthly payments) that include principal and interest. How Installment Loans Work An installment loan can also be referred to as installment debt. An installment loan is granted to a borrower with a fi

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