Is there a monthly interest when you opt for the equipment installation plan vs paying for the whole amount when you purchase your phone? Is the amount at the end of the cycle for equipment installation plan the same as paying it all at once?
Welcome to the community
Sorry it took so long to respond. Usually someone from the community responds a lot quicker than almost 3 whole days.
No there is absolutely no interest charged at all for the EIP.
The total amount of all payments made by the end of the EIP period, is exactly the same as the full purchase price.
To bad we can't get mortgages with those same terms.