How it works
With equal-installment repayment you pay the same amount (principal + interest) every month for the whole term. Early payments lean heavily toward interest, later ones toward principal — but the total you pay each month never changes.
FAQ
Q. How is this different from equal-principal repayment?
A. Equal-principal repayment keeps the principal portion fixed while interest shrinks over time — heavier at first but less total interest. Equal-installment keeps your payment flat, which is easier to plan around.
Q. Does this work with a 0% rate?
A. Yes — at 0% the tool simply divides the principal evenly across the term.