Total fee rate
The rate in this tool is a total fee for the entire installment term, not a monthly rate or APR. At 1,000,000 with a 6% total fee rate, the reference fee is 60,000. Issuer disclosures may use a different rate convention.
076 · BUSINESS & FINANCE
Credit Card Installment Calculator
Calculate monthly payments and total installment fees from purchase amount, installment months and a total fee rate.
LOCALCALCULATE IN YOUR BROWSER
LOCALValues stay in your browser and are not sent to a server.
The entered rate is treated as the total fee rate for the entire installment term.
RESULT
Paid installment referenceMonthly Payment88,333.33KRW
Total Fee60,000.00KRW
Total Payment1,060,000.00KRW
Formula
total fee = purchase × rate / 100; total payment = purchase + total fee; monthly payment = total payment ÷ monthsREFERENCE · This is a general reference model. Card-specific rates, promotions, interest-free/partial-interest-free rules and billing-unit adjustments are not determined automatically.
HOW TO USE
How to use
- 01
Enter the purchase amount.
- 02
Enter an installment term from 1 to 120 whole months.
- 03
Enter the total installment fee rate.
- 04
Review monthly payment, total fee and total payment.
- 05
Use the comparison tab to compare 3, 6, 12 and 24 months.
- 06
Compare installment payments with the cash price and treat total installment fees as part of the real purchase cost.
INSTALLMENT GUIDE
Understanding installment fees
More installments can reduce the average monthly burden, but that does not mean the issuer applies the same fee conditions. Read the entered total fee rate separately from the actual billing method.Monthly payment
The tool shows an average by dividing total payment by the number of installments. Actual statements can vary slightly by installment because of unit rounding or an issuer-specific billing formula.
Interest-free offers
Entering 0% is a reference case with no fee. It does not verify whether a specific card, merchant or purchase period qualifies for an actual interest-free promotion.
Partial promotions
Partial interest-free plans can assign fees to only certain installments and are not equivalent to a simple 0% plan. This calculator does not infer those installment-by-installment promotion rules automatically.
Term comparison
With the same total fee rate, 12 months lowers the average monthly burden versus 6 months while total cost stays the same. If an issuer charges different rates by term, enter each term’s actual rate separately for a meaningful comparison.
Before purchase
A lower monthly figure can hide the total spending commitment. Review purchase amount, total fee and total payment together, and separately check credit limit, promotion expiry, late charges and cancellation settlement rules.
IMPORTANT NOTES
Important notes
- The fee rate is the total installment fee rate for the whole term, not a monthly rate or APR.
- Total fee = purchase × rate; total payment = purchase + fee; monthly payment = total payment ÷ months.
- A 0% rate is an interest-free reference, not an automatic determination of a card promotion.
- Monthly payment is an average reference value; actual statements may adjust units between installments.
- The term comparison keeps purchase amount and total fee rate identical, so total cost is tied while monthly burden changes.
- Card-specific rates, partial interest-free offers, promotions, approval, credit limits and late interest are outside scope.
- Issuer fee formulas and zero-interest or partial-zero-interest promotions vary, so the card issuer’s billing terms take priority.
FAQ
Frequently asked questions
01What happens at 1,000,000 / 12 months / 6%?+
Total fee is 60,000, total payment is 1,060,000 and average monthly payment is about 88,333.33.
02What if the rate is 0%?+
Total fee is zero and the result is labeled as an interest-free reference.
03Is 6 or 12 months cheaper?+
With the same total fee rate in this reference model, total cost is the same and 12 months has the lower monthly burden.
04Will it match my card statement exactly?+
Not necessarily. Card issuers can use different fee formulas, promotions and unit-rounding rules.
05Does it fetch card-company rates?+
No. You enter the total installment fee rate yourself.