installment loan (Meaning)
Wordnet
installment loan (n)
a loan repaid with interest in equal periodic payments
Synonyms & Antonyms of installment loan
No Synonyms and anytonyms found
installment loan Sentence Examples
- 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.
- The installment loan came with a prepayment penalty if she decided to pay it off early.
- She refinanced her installment loan to secure a lower interest rate and reduce her monthly payments.
- The installment loan for her medical expenses gave her some financial relief during a challenging time.
- The installment loan helped her purchase furniture for her new apartment, allowing her to make smaller, regular payments.
- The business owner utilized an installment loan to cover operating expenses during a seasonal downturn.
- 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.
