Define Installment of Loans?

I cant figure it out. Please provide the solution of the installment.
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"An installment loan is a loan that is repaid over time with a set number of scheduled payments. The term of loan may be as little as a few months and as long as 30 years. A mortgage, for example, is a type of installment loan. "
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"The word is many highly linked to conventional purchaser loans, began and also serviced locally, as well as paid back after some time by unconstipated repayments regarding dealer in addition to attention. These kind of “payment financial products” are likely to be considered to be safe along with cost-effective choices to pay day advance in addition to claim financial products, in order to wide open complete credit ratings for example charge cards. "
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