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INSTALLMENT LOAN

(noun)
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Definitions

There is 1 meaning of the phrase Installment Loan.

Installment Loan - as a noun

A loan repaid with interest in equal periodic payments

Synonyms (Exact Relations)
installment credit

Example Sentences

"He took out an installment loan to buy a new car."
"The bank approved her application for an installment loan to pay for home improvements."
"The borrower had to make regular monthly payments on the installment loan."
"She used an installment loan to finance her college education."
"The lender offered an installment loan with flexible repayment terms."
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