Explore the basics of installment loans. Learn how they work, the types available, and their benefits and drawbacks.

The following example shows you how to calculate instalments: The cash price of a bike is \(\pounds220\). The credit agreement price is \(\pounds300\). If the deposit is \(10\%\) followed by ten ...

To calculate your EMI, enter the loan amount, tenure and the rate of interest in the boxes given below and click the 'Calculate' button. EMI or Equated Monthly Installment is a mode of repayment of ...

3. Interest rates and fees: Check if the instalment plan comes with any added interest rates or administrative fees. These extra charges could increase the total amount you end up paying.