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installment loan

/ɪnˈstɔːlmənt ləʊn/

1 entry

phrase

/ɪnˈstɔːlmənt ləʊn/B2formalbusiness
  • ruТип кредита, который берется единовременной суммой и погашается в течение фиксированного периода времени регулярными платежами (взносами), обычно с процентами.

A type of loan that is borrowed as a lump sum and repaid over a fixed period of time through regular, scheduled payments (installments), typically with interest.

  1. Fixed payment loanB2formal

    A type of loan that is repaid over time with a set number of scheduled payments, typically of equal amounts.

    ruКредит с фиксированными платежами

    • She took out an installment loan to buy a new car.
    • The bank offers installment loans with fixed interest rates.
    • He pays his installment loan every month without fail.