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Installment loan - Wikipedia, the free encyclopedia
An installment loan is a loan that is repaid over time with a set number of scheduled payments; normally at least two payments are made towards the loan.
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A retail installment sales contract agreement is slightly different from a loan. Both are ways for you to obtain a car by agreeing to make payments over time.
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Definition of installment loan: Consumer or business loan (such as for a vehicle, vacation, 1 hour cash loans direct lender Also called installment credit. Use installment loan in a sentence.
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