installment loan

1. 1.

   a loan repaid with interest in equal periodic payments

   Synonymsinstallment credit

   Broaderconsumer creditloan

Questions about installment loan

What does installment loan mean?

installment loan means "a loan repaid with interest in equal periodic payments".

What is another word for installment loan?

Close synonyms include installment credit. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is installment loan a common word?

installment loan is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.