Installment Loan

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Related to installment credit: revolving credit, consumer credit

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 ?
33 million) among issuers while Chinatrust had the highest installment credit due of NT$10.
The federal government regarded installment credit as a viable way of expanding mass purchasing power as well as--at times--a regulatory tool in Keynesian efforts of macroeconomic management.
The FNB building is historically significant as the site where the country's first credit card was issued in 1952, giving rise to the modern installment credit industry.
The combination of Central Finance and the three Sumitomo-Mitsui group firms will create the nation's third-largest player in the consumer installment credit industry.
The traditional view of rent-to-own is that RTO contracts are fundamentally installment credit contracts with the desperate or uninformed consumer vulnerable to exploitation.
Brockwell said outsourcing its in-house installment credit program is a key part of the reorganization.
Revolving installment credit balances rose by more than 50 percent--from $245 billion to $387 billion--between December 1991 and October 1995, according to the Federal Reserve.
The focus is on consumer installment credit, which includes major categories of consumer loans such as automobile and credit card loans.
The traditional government statistics on consumer installment credit do not include home equity loans; thus, the home equity portion of consumer debt must be estimated.
CONSUMER installment credit, which accounts for about 80 percent of total consumer credit, has expanded substantially over the first half of the 1980's.
The bank provides a range of financial services, including retail banking, mortgages, business and corporate lending, international asset financing, leasing, installment credit, debt factoring, foreign exchange facilities, interest and exchange rate hedging instruments, executor, trustee, life assurance and pension and investment fund management, investment management and financial advisory services including mergers and acquisitions and underwriting.