Installment Calculator

Interest-free installments offered in store campaigns are generally truly interest-free with the cost borne by the store. However, sometimes interest may be embedded in the product price to appear the same as the cash price. Comparing cash and installment prices is important.

In interest-bearing installments, total payment increases with more installments because interest accrues longer. Even though monthly installments decrease, total cost rises. Therefore, choosing the fewest possible installments is more economical.

Credit card installments are used to divide an existing purchase and are generally short-term (2-12 months). Loan installments are for cash borrowed from the bank and can be longer-term (12-120 months). Credit card interest rates are generally higher than loan rates.