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Definition of installment loan: Consumer or business loan (such as for a vehicle, vacation, Auto title loans rhode island Also called installment credit. Use installment loan in a sentence.
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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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Definition of installment loan: A loan that is repaid with a fixed number of periodic equal-sized payments.
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Thesaurus Antonyms Related Words Synonyms Legend: Noun: 1. installment loan - a loan repaid with interest in equal periodic payments. installment credit
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