Which of the following is a non-installment loans? There may be more than one correct answer.

a.

term loan

b.

single payment loans

c.

bridge-loans

d.

closed-end leases

Answer the question with detailed explanation.

a. Term Loan: Instalment Loan

It is usually a long term laon and repaid in some regular installment. Hence, it is an installment loan.

b. Single Payment Loan : Non-Installment Loan

This Loan is a loan which is required to be paid at the end of loan term. Hence it is not paid in instalments.

c. Bridge Loan: Non Installment Loan.

Bridge Loan is generally a short term loan borrowed by enterprise unless and until they get permanent financing solutions. This can be for 2 weeks also. It is normally repaid at the end of loan term.

d. Closed end leases: InstaLlment Loan

Closed end lease can be defined as the lease wherein ther lessee is provided a right to purchase the underlyinga asset at the end of lease period: It is not any loan and lease payments are made in instalments only