Installment loan definition
Installment loan means any building, room, space or portion thereof where a loan is repaid over time with a set number of scheduled payments to a financial institution.
Installment loan. ’ means the purchase of specific goods or services at specific merchant location where the repayment for this specific transaction is effected over a set number of scheduled payments. This option is available only to some specific card products.
Installment loan means a loan in an amount less than or equal to five thousand dollars ($5,000) that is to be repaid in a minimum of four substantially equal payments of principal and interest to pay off a loan in its entirety with an initial stated maturity of not less than one hundred twenty days to maturity. "Installment loan" does not mean a refund anticipation loan;
Examples of Installment loan in a sentence
Installment loan payments are becoming an increasingly important source of liquidity for United as this portfolio continues to grow.
Installment loan originations and consumer lines of credit disbursements were $37.4 million in fiscal 2006 compared to $25.7 million in fiscal 2005.
In this case, the amount of penalties accrued for the entire period should not exceed 20% (Twenty percent) of the amount issued under the Installment loan product.
Installment loan originations and consumer lines of credit disbursements were $25.7 million in fiscal 2005 compared to $30.7 million in fiscal 2004.
More Definitions of Installment loan
Installment loan means a loan that is to
Installment loan means any loan specified in subdivision (h) extended under an installment loan feature.
Installment loan means a loan under which:
Installment loan means a loan or extension of credit made for consideration under § 12–103(a)(3) or (c) or Title 12, Subtitle 9, or Subtitle 10 of the Commercial Law Article.
Installment loan means any part of the liabilities of the Borrower to United which United and the Borrower have agreed shall be payable to United in two or more installments.
Installment loan means a loan that is to be repaid in a minimum of four successive substantially equal payment amounts to pay off a loan in its entirety with a period of no less than one hundred twenty days to maturity.
Installment loan means a loan between $200 and $25,000 made to an individual consumer that charges interest and/or fees for which the stated repayment period is greater than 90 days but no longer than 5 years and is not secured by title to a motor vehicle.