advantage of installments
Answers
Answer:
speed gets borrowers money fast.longer terms mean lower monthly payments .instalments loans generally fall in the long term range. etc..
Answer:
Advantages of installment.
•
installment term is used in loan repayments .It's quick and easy way to pay off your loans.
1.freedom to buy expensive utilities: you can buy the things which are expensive and do payment easily by installment .
2.Easy on wallets : we can buy the things on loan by paying off installment schemes. monthly we have to pay the loan in small amount of money , it's easier way to pay off your loans.
3.Flexible installment option by banks :
The amount of money which is to be paid is decided by the borrower itself .
Hope this answer helps you .
Please say thanks on my answer if it's help full to you.