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The amount you finally get. Do check whether the bank is disbursing an amount that is sufficient after deducting overheads and additional expenses. Bing news feed Installment loans are generally taken to purchase home, car, furniture etc. The loan comprises of specified amounts that are to be repaid over a predetermined repayment period. The payments can include both the principal and the interest or it may contain only the interest amount with the principal being paid in a lump sum amount with the final loan installment.
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