Loans
Personal Loans Student Loan Refinance Auto Refinance Mortgages Mortgage Refinance
Credit CardsSavingsCredit Score
Learn
Learn

>

Glossary

>

I

>

Installment Loan

Installment Loan

Most loan products (e.g., personal loan, student loan, auto loan, mortgage) are installment loans, in which you borrow a lump sum and then pay it back to the lender, typically in monthly installments.

Related Products

Loans Graphic
Loans