Explore the basics of installment loans. Learn how they work, the types available, and their benefits and drawbacks.

Some are short-term payday loans, but others are installment loans that you repay ... lenders that provide high-interest loans, plus the monthly payment and total interest costs on a 12-month ...

A small personal loan is a type of installment loan of up to $5,000 that’s payable in equal monthly installments ... to be an affordable alternative to payday loans, small personal loans can ...