What is the Installment Calculator?
Buying on installments (qist)? Enter the cash price, the down payment, the markup or profit rate the seller charges and the number of months. You get the monthly installment, the total amount you will pay and how much extra it costs compared with paying cash. It supports flat markup (common in shops) and reducing-balance interest (banks).
How to use the Installment Calculator
- Enter price, advance and months.
- Enter the markup % and choose flat or reducing.
- See monthly installment and total extra cost.
Flat vs reducing?
Flat markup charges profit on the full amount for the whole period. Reducing balance charges only on what is still unpaid, so it is cheaper at the same rate.
This Installment Calculator is 100% free, needs no signup and runs privately in your browser – on phone, tablet or computer.
Last updated: · By NodifyTech