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.
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.
Consumer installment credit balances rose 1.2% at credit unions in January, compared to the 0.6% pace set in January 2015.
The company was established in 1977 as the first Kuwaiti closed shareholding company, specialized in providing installment credit facilities to finance consumer and commercial products.
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$2.2 billion, up with 41% from 2012, thus these state of affairs regarding debt is worrying to Namfisa." According to the Bank of Namibia, annual inflation has risen from 4.9% in December 2013 to 6.1% in May 2014, mainly due to increases in food and transport prices.
However, the Company's portfolio of financing receivables (installment credit debtors/FRs) has substantially declined over the past two years in view of the challenging operating environment and the adoption of a more cautious lending policy, together with the focus on collections of outstanding financing receivables.
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.