What of these describes installment loans?

Installment loans are types of loans that are repaid over time with a set number of scheduled payments. Each payment typically consists of both principal and interest, allowing borrowers to pay off the loan gradually. These loans can be used for various purposes, such as purchasing a car or financing education, and usually have fixed terms and interest rates. Unlike revolving credit, such as credit cards, installment loans have a defined repayment schedule and end date.