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2. Common types of installment loans and their best uses - AOL

   www.aol.com/finance/common-types-installment...

   Interest can be calculated at a fixed or variable rate. Some installment loans are unsecured, while others, like mortgages, are backed by collateral. Unlike credit cards, installment loans are a ...

3. What is an installment loan & how does it work? Know ... - AOL

   www.aol.com/finance/installment-loan-types...

   An installment loan is a type of closed-end debt. You pay it off over a set number of months or years, also known as your loan term. Unlike credit cards or lines of credit, which are open-ended ...

4. Installment loan - Wikipedia

   en.wikipedia.org/wiki/Installment_loan

   Installment loan. An installment loan is a type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payments; [1] normally at least two payments are made towards the loan. The term of loan may be as little as a few months and as long as 30 years. A mortgage loan, for example, is a type of ...

5. Equated monthly installment - Wikipedia

   en.wikipedia.org/wiki/Equated_Monthly_Installment

   Equated monthly installment. An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is fully paid off along with interest.

6. Fixed vs. variable interest rates: How these rate types work ...

   www.aol.com/finance/fixed-vs-variable-interest...

   Financial products that typically come with fixed interest rates include: Traditional certificates of deposit. Fixed-rate mortgages. Home equity loans. Personal loans. Auto loans. Small business loans

7. Fixed interest rate loan - Wikipedia

   en.wikipedia.org/wiki/Fixed_interest_rate_loan

   A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan. [ 1] This allows the borrower to accurately predict their future payments. Variable rate loans, by contrast, are anchored to the prevailing discount rate . A fixed interest rate is as exactly as it sounds - a specific, fixed ...