Installment plan (EMI) calculator

An installment plan (sometimes called EPP or EMI) splits a large purchase into fixed monthly payments over a set tenor. UAE banks offer them at the point of sale or after purchase, often advertised as 0% with a one-time processing fee.

A flat-rate plan charges profit on the original purchase amount for the whole tenor, so the cost is the same each month. A reducing-balance plan charges profit only on the amount still outstanding, which is usually cheaper for the same headline rate.

Almost always, yes — if the alternative is carrying the purchase on a revolving balance at 3%+ per month. Even a plan with a processing fee usually beats revolving interest. Tick 'Compare with paying on credit' above to see the difference.

Many '0%' plans carry a one-time processing fee (often around 1% of the purchase). Some also charge early-settlement fees. This calculator includes the processing fee in the total cost.