installment loan Antonyms

No Synonyms and anytonyms found

Meaning of installment loan

Wordnet

installment loan (n)

a loan repaid with interest in equal periodic payments

installment loan Sentence Examples

  1. The bank offered him an installment loan to purchase his new car, with monthly payments over a 36-month period.
  2. She opted for an installment loan with a fixed interest rate to avoid any unexpected fluctuations in payments.
  3. The installment loan allowed him to spread the cost of his home renovations over a manageable time frame.
  4. The lender required a down payment before approving the installment loan for the motorcycle.
  5. The installment loan came with a prepayment penalty if she decided to pay it off early.
  6. She refinanced her installment loan to secure a lower interest rate and reduce her monthly payments.
  7. The installment loan for her medical expenses gave her some financial relief during a challenging time.
  8. The installment loan helped her purchase furniture for her new apartment, allowing her to make smaller, regular payments.
  9. The business owner utilized an installment loan to cover operating expenses during a seasonal downturn.
  10. The installment loan provided a flexible option to consolidate multiple debts into a single monthly payment.

FAQs About the word installment loan

a loan repaid with interest in equal periodic payments

No synonyms found.

No antonyms found.

The bank offered him an installment loan to purchase his new car, with monthly payments over a 36-month period.

She opted for an installment loan with a fixed interest rate to avoid any unexpected fluctuations in payments.

The installment loan allowed him to spread the cost of his home renovations over a manageable time frame.

The lender required a down payment before approving the installment loan for the motorcycle.