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What exactly is an installment loan? Installment Loans

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An installment loan is really a variety of loan where a set is borrowed by a consumer amount of cash at some point. This loan is paid back in equal payments therefore the monthly payments are often a amount that is fixed that time frame. These kind of loans are extremely advantageous since the APR and rate of interest are fixed over that payment period in opposition to debt that is revolving bank cards that will alter as time passes. Tower Loan provides repayment duration choices based on the measurements of the mortgage that can match your life style the greatest. Continue reading