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Credit Card EMI Calculator
Calculate EMI for your credit card purchases
₹
% p.a.
Months
Monthly EMI
₹3,417
Total Cost: ₹10,369
Processing Fee
₹100
+₹18 GST
Total Interest
₹369
Cost Breakup
Principal: 96.4% Charges: 3.6%
Understanding Credit Card EMI
Credit Card EMI (Equated Monthly Installment) allows you to convert your credit card purchases into easy monthly installments. This helps manage large expenses by spreading the cost over a period of time.
Key Features:
- Convert purchases above ₹1,000 to EMI
- Flexible tenure options from 3 to 48 months
- Processing fee typically 1-2% of transaction amount
- GST applicable on processing fee
- Pre-closure allowed with nominal charges
Types of EMI Options:
- Regular EMI: Standard interest rates apply
- No Cost EMI: Interest subsidized by merchant
- Brand EMI: Special rates for specific brands
- Balance Transfer EMI: Convert outstanding balance
- Instant EMI: Pre-approved EMI facility
Example Calculation:
For a purchase of ₹50,000:
- Tenure: 12 months
- Interest Rate: 15% p.a.
- Monthly EMI: ₹4,562
- Total Interest: ₹4,744
- Processing Fee + GST: ₹590
Important Note:
EMI conversion may affect your available credit limit. The entire EMI amount is blocked from your credit limit. Pre-closure charges may apply if you want to repay before the tenure ends.