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The greatest Guide to Installment Loans in Canada

What exactly is an installment loan?

An installment loan occurs when you get a lump sum payment of money and consent to make equal repayments more than a term that is fixed. Repayments consist of interest (and costs in many cases) and generally are usually made once per month. Installment loans vary from bank cards and credit lines so you know right from the get-go when the loan will be fully repaid because they have an end date.