Zovo Installment Planner

Split an amount into a payment plan schedule with exact installments, due dates and a printable schedule. Zovo Installment Planner takes the amount owed, the number of installments (or how much each one is), how often they are due (weekly, every 2 weeks, twice a month, monthly or quarterly) and the first due date, and returns every installment with its due date and the balance left after it.

Add a deposit as an amount or a percent, with the date it is paid. If the parties agreed interest, add a yearly rate: the plan uses flat simple interest on the amount paid in installments and writes the method out (it is not an APR). Amounts are exact to the cent, or to the yen for currencies without cents, and the installments always add up to the total. A rounding rule decides which installment takes the leftover cents, and you can round installments to whole amounts such as 5 or 10. Due dates on the 29th to 31st move to the last day of shorter months and then return, and weekend due dates can move to the Friday before or the Monday after.

You get a printable payment schedule PDF (Letter or A4) with the payer, the payee, a reference, the schedule table and signature and date lines; an Excel workbook with the schedule and a summary; a CSV; and a calendar file with a reminder a few days before each payment.

Good for customer payment plans, tuition and dental or medical bill plans, paying a friend or family member back, contractor deposits, and splitting a large purchase.

Limitations: it does not collect payments or send reminders by itself, does not check credit, does not compute amortizing loan or mortgage payments or APR, skips weekends but not public holidays, and handles up to 360 installments. The schedule is not a contract and is not legal or financial advice.