An installment loan is a loan you repay over time in equal payments, usually on a monthly basis. Each payment includes a part of the loan principal, which is the original amount of money you borrowed ...

Installment loans give you something even more valuable than money: Time. Borrowers receive a lump sum of cash and repay the debt in regular, scheduled installments. If you have bad credit, though, ...

An “on-the-spot loan” or spot loan is a type of installment loan that doesn’t involve a rigorous financial check before approval. Instead, lenders may offer these short-term financing solutions based ...