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What exactly are installment loans?
Installment loans are essentially “personal” loans that are repaid over a longer time period if in comparison to pay day loans and that can be properly used for just about any personal costs.
You can find fixed variety of repayment schedules (equal payments) by which someone who has brought the mortgage needs to spend it down, the word, rate of interest, repayment schedules and charges change from lender to lender.
Many installment loans may be found in quantities from $500 to $3500.