Instalment calculator
Split an amount into instalments and see what the credit really costs.
- Category
- Business and finance
- Price
- free
The tool starts in your browser.
Everything is calculated in your browser. Nothing you type is sent to our server.
How to use it in three steps
The tool as a schematic with this page's example. Each step's number stands where you take it: in the fields, at the result or outside the tool.
Enter the amount and number of months.
Enter the annual interest rate.
Read the payment, the total paid and the cost of credit.
Six loans through the instalment calculator
An equal payment comes from the annuity formula with the monthly rate. At zero interest the formula would divide by zero, so the tool splits the amount evenly. The result is the interest alone, without fees, so it is not the APR.
PLN 12000, 12 payments, 9%the example from the tool's descriptionPLN 12000, 12 payments, 0%no interestPLN 12000, 1 payment, 12%a single monthPLN 12 000, 12 payments, 9,5%a space in the amount, a comma in the ratePLN 12000, 0 paymentsno payment countPLN -500a negative amount6 of 6 cases as expected
Questions
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