Borrow as soon as and repay frequently Share Pin Email Image by Daniel Fishel © The Balance 2019 With an installment loan, you borrow money once (upfront) and repay relating to a schedule. Mortgages and automotive loans are typical installment loans. Your payment is determined making use of that loan stability, mortgage loan, while the right time you need to repay the mortgage. These loans may be short-term loans or long-lasting loans, such.. Read More