Installment Loan

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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.
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Rise's line of credit will offer the same simple application, approval process, rates and flexibility of the installment loan product.
the financial services technology company started by Max Levchin to give consumers fair and honest financial products, has announced the 1-millionth consumer installment loan processed through Affirm and made by its bank partner, Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, the company said.
Tribal Installment Loans' has offered installment loans through online transactions, allowing borrowers receive as much as USD1000, available as soon as the next business day, the company said.
Enova International (NYSE: ENVA) has entered into a USD175 million financing facility for its NetCredit installment loan portfolio, which includes an initial draw of USD107 million, secured by USD127 million in unsecured consumer loans, and a USD20 million revolving note for warehousing new and seasoned loans for a period of time, the company said.
TransUnion's database shows that the number of installment loan accounts has increased by more than seven percent, and delinquency rates (90+ days delinquent) for installment loans saw the biggest drop of all credit products, declining nearly 15 percent.
NASDAQ:DLLR), a leading international financial services company serving under-banked customers, has recently been advised by the First Bank of Delaware (Bank) that the Bank's primary regulator, the Federal Deposit Insurance Corporation (FDIC), has communicated with the Bank regarding certain concerns the FDIC has with the Bank's payday and installment loan programs.
The ratings on the notes, backed by a pool of new and used automobile and light-duty truck installment loans, are based on the enhancement provided by subordination, over-collateralization (OC) of 2.
The expected ratings on the notes, backed by a pool of new and used automobile and light-duty truck installment loans, are based on the enhancement provided by subordination, over-collateralization (OC) of 2.
The ratings on the notes, backed by a pool of new and used automobile and light-duty truck installment loans, are based on the enhancement provided by subordination, overcollateralization (OC) of 3% of the initial pool balance, growing to 6%, with a minimum balance (floor) of 1.
During the year ended December 31, 2003, collateralized loans included commercial and industrial loans, which represented 34% of the Company's lending portfolio; commercial real estate loans, which represented 56%; residential real estate loans, which represented 4%, and consumer and installment loans, which represented 6%.
The expected ratings on the notes, backed by a pool of new and used automobile and light-duty truck installment loans, are based on the enhancement provided by subordination, overcollateralization (OC) of 3% of the initial pool balance growing to 6%, with a minimum balance (floor) of 1.
Many current customers in central and southwest Florida also are eligible for special rates on unsecured installment loans and rapid recovery single payment loans.