The real rate and overpayment on instalments (nasiya), and which is better: instalments or a bank loan.
UZS
Ask the store for the price without instalments — it's often lowerUZS
0 — no down paymentTerm
What the store told you
UZS
Bank loan for comparison24%
Real instalment rate
≈ 79%
per year · 4.9% a month
More expensive than most bank loans.
Overpayment2,800,000 UZS · 35% of the price
Total you'll pay10,800,000 UZS
Loan at 24% for 1 yearoverpayment 1,077,721 UZS
The loan beats the instalment plan by 1,722,279 UZS: you can buy upfront at a price without a markup.
"0% instalments" often hide the overpayment in the product's price, so we calculate from the upfront price. Instalment payments also count toward your debt burden.