Installment Loan

(redirected from Installment Loans)
Also found in: Dictionary, Thesaurus.
Related to Installment Loans: Personal loans

Installment Loan

A loan that is repaid in a certain number of payments in the same amount. Interest is computed in advance and is rolled into the payments. For example, a mortgage amortized over 30 years is an installment loan because the payments are equal to each other and the loan is repaid after the 30 years have expired.
References in periodicals archive ?
Securitization is the process by which the installment loan contracts acquired by Olympic are pooled and sold to investors as asset- backed securities, with servicing retained by Olympic.
By offering installment loans and other loan types to credit-challenged consumers, ezDinero hopes to broaden the impact of the Hispanic community and offer greater opportunities for Spanish-speaking individuals in the U.
The present status of consumer and installment loans (CI-loans) can be gauged by the following (as of December 2007 figures):1.
When it comes to borrowing money, Americans experiencing financial distress have limited choices -- but traditional installment loans are the safest and most affordable way for them to borrow small-dollar amounts," said Chris Stinebert, president & CEO of the American Financial Services Association.
If the interest isn't deductible, you may be better off replacing student loans and installment loans with deductible home equity debt, either by tapping a credit line or using cash from a refinanced mortgage.
Two common forms of small-dollar borrowing are traditional installment loans (TIL) and payday loans.
The result is triple-digit APRs for many military families, versus more appropriately priced, bank-like installment loans.
The sharp rise in percentage terms in home equity lines of credit (HELOCs) is a result of both increasing availability of home equity that homeowners have accumulated in their homes as well as a preference shift by lenders away from home equity installment loans in favor of HELOCs," said Amy Crews Cutts, Equifax Chief Economist.
1) Qualifying accounts: Consumer Checking, Savings, Money Markets, CDs, and IRAs; Home equity lines and loans, direct consumer installment loans, and AmSouth Credit Line (loans must be closed during Sweepstakes Period to be eligible); Mortgage loans (must be approved applicants with a designated property during Sweepstakes Period to be eligible); Private Banking Checking, Savings, Money Market, CDs, and IRAs; Business Checking, Savings, Money Market, and CDs.
According to records obtained before and during the course of the litigation, Check 'n Go made online installment loans to California consumers with interest rates as high as 400 percent-far in excess of what state law allows-as late as June 2008.
27, 2012 /PRNewswire/ -- A three-month outreach effort aimed at identifying and educating Check 'n Go borrowers whose online installment loans at excessive interest rates may entitle them to significant repayments for interest, fees and finance charges launched today with a press announcement in San Francisco City Hall.
Today, Capital One is a Fortune 200 company offering a broad range of lending and deposit products, including credit cards, auto loans, small business loans, home equity loans, installment loans, and, most recently, retail banking.