Faqs. Installment Loans. What exactly is an installment loan?
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An installment loan is any loan that is paid down in equal re re payments during a period of the time, which may be as low as a months that are few numerous years, with respect to the amount borrowed and also the contract made. Installment is just a term that is broad lots of subtypes of loans, including an individual loan, home loan, or an university loan.
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