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 ?
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 RTO options have significant value to individuals in housing arrangements that may or may not be permanent, in jobs that may prove to be temporary at best, in family relationships that may or may not be stable, in financial predicaments that may or may not be resolved speedily, or in other volatile situations where the assumption of noncancelable installment credit is unavailable or unsuitable.
Research on the relationship between consumer indebtedness and the economy dates back to the 1920s, when large increases in the production of consumer durables gave way to the development of consumer installment credit to finance durable good purchases.
In fact, after growing rapidly in the mid-1980s, consumer installment credit declined in many quarters during 1991 and 1992.
Second, the interest rate on home equity loans is lower than straight installment credit because home equity loans represents secured credit.
This article, which can be viewed as updating "Consumer Credit, 1960-80,' an article in the February 1981 issue of the SURVEY OF CURRENT BUSINESS, will discuss patterns in consumer installment credit and related developments from 1980 through the first half of 1985.
Atradius operates globally, writing predominantly trade credit insurance (approximately 80% of gross written premiums), but also bonding, structured credit and political risk insurance, assumed reinsurance and installment credit protection as well as providing debt collection services.
com)-- Crelogix Acceptance Corporation, a leading Canadian installment credit provider, has appointed Karim Nanji as Vice President of Information Technology.
Project Sponsor and Major Shareholders of Project Company : NIC Bank Limited ( NIC Bank ) was established in 1959 as a non-bank financial institution to provide hire purchase and installment credit facilities in Kenya.
The rise in household credit largely reflected strong growth in installment credit and overdraft loans, furthermore loan disbursements by micro-lenders for 2013 have increased to N$2.
Commercial Facilities Company (CFC) was established in 1977 as the first Kuwaiti closed shareholding company specialised in providing installment credit facilities to finance consumer and commercial products.
In 1952, Franklin National Bank, then the largest in Nassau County, issued the country's very first credit card, giving rise to the modern installment credit industry.