What is another word for installment loan?
Pronunciation: [ɪnstˈɔːlmənt lˈə͡ʊn] (IPA) 
An installment loan is a popular financing option for people who need to borrow money. These loans are repaid over a fixed period of time, typically in monthly installments. However, there are several different names for this type of loan. Some common synonyms include personal loans, consumer loans, and term loans. Other variations include fixed-rate loans, signature loans, and unsecured loans. In many cases, installment loans are used to finance large purchases, such as a home or car, but they can also be used for smaller expenses like consolidating debt or paying for unexpected expenses. Whether you call it an installment loan or something else, it can be a useful tool for managing your finances.
