An Overview of Installment Loans
There are various types of loans available in the market. All the loans usually fall into two categories—one is an installment loan and the other is a revolving line of credit. Read on to know everything about installment loans. What is an installment loan? An installment loan is where you borrow a certain amount from the lender and you pay the amount and the interest over the tenure of the loan in the form of equal monthly payments.