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Yes, home equity loans are installment loans secured by one's primary resicence and have terms between 5 to 15 years, the most typical of which is 10 years.

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Yes, home equity loans are installment loans secured by one's primary resicence and have terms between 5 to 15 years, the most typical of which is 10 years.

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Installment A/r(dr)

Installment sales(cr)

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Monthly installment plan

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installment

or, better, if you're English instalment.

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I paid the first installment for my new car today.

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