Here's how we calculate the monthly installment fee:

1. The full purchase transaction amount is multiplied by your total fee %
2. Then, divided by the number of months you select for your installment plan

For example: You recently purchased a $600 laptop and you decide you want to convert the purchase to a 3-month installment plan with a total fee of 2%.

Here’s the breakdown of your installment plan payments:

• Monthly installment principal amount = $600 / 3 months = $200
• Monthly fee amount = $600 X 2% /3= $4
• Total monthly installment payment (including fees) = $200 + $4 = $204