Installment Savings Calculator

Calculate maturity amount for regular monthly deposits

Input

Each payment uses simple interest for its remaining term; product rounding may differ.

Result

Net Maturity Amount
₩6,096,233
Total Deposits
₩6,000,000
Total Interest (pre-tax)
₩113,750
Interest Income Tax (14%)
₩15,925
Local Income Tax
₩1,592
Net Interest
₩96,233

What is Installment Savings Calculator?

This calculator sums simple interest for each monthly payment over its remaining deposit term. It separates the 14% interest income tax and local income tax, and offers a tax-free estimate only when you have confirmed eligibility with the provider. Product rounding and terms may change the actual maturity amount.

How to Use

  1. Enter the monthly payment as a positive whole-won amount.
  2. Enter an annual rate and 1 to 120 monthly payments.
  3. Choose tax-free only after confirming product eligibility.
  4. Review the installment simple-interest estimate, taxes, and protection caveat.

Tips & Best Practices

  • Each monthly payment earns simple interest only for its remaining deposit term.
  • The monthly table's integer interest total exactly matches gross interest.
  • Choose tax-free only after the provider confirms product and personal eligibility.
  • General treatment separates 14% income tax and local tax equal to 10% of that tax.
  • The 2025-09-01 KRW 100 million guidance is not a legal decision; confirm the product separately.

Use Cases

Down Payment Savings

Calculate how much you need to save monthly to accumulate a target down payment amount within a specific timeframe.

Emergency Fund Building

Determine the maturity amount if you commit a fixed monthly amount to build a 6-month emergency fund over 1-2 years.

Tax Impact Comparison

Compare general taxation with an eligibility-confirmed tax-free estimate.

Savings Goal Planning

Enter your target maturity amount and adjust the monthly deposit and term until the calculator shows a result that meets your goal.

FAQ

Does this estimate monthly compounding?

No. Each payment earns simple interest for its remaining term; this is not a monthly-compounding estimate.

How is installment interest estimated?

The integer formula sums each payment's remaining months and floors the total once.

How are tax and tax-free treatment handled?

General tax is 14% income tax plus local tax equal to 10% of it. Confirm tax-free eligibility separately.

Does the KRW 100 million notice decide protection?

No. The 2025-09-01 limit concerns protected principal plus prescribed interest per depositor at the same institution. Confirm the product separately.

Related Tools