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Convert your purchases into easy monthly installments and plan your finances smartly
Loan Amount: $100,000
Quick Select Tenure:
Monthly EMI
$10,046
For 12 months
Total Interest
$20,555
20.6% of principal
Total Amount
$122,915
Including all charges
Processing Fees
$2,360
Fee + GST
Principal Amount
$100,000
Effective Interest Rate
20.55%
Total Payable
$122,915
Interest/Principal Ratio
20.6%
Monthly Rate
3.00%
Cost of Credit
$22,915
Minimum Payment (5%): $5,000/month
EMI Payment: $10,046/month
Annual Difference
$60,555
Lower monthly burden
Total
$122,915
Principal
$100,000
81.4%
Interest
$20,555
16.7%
Fees
$2,360
1.9%
Great choice! Shorter tenure means less interest paid.
Consider making a down payment to reduce your loan amount and interest.
High interest rate! Consider alternatives like personal loans.
Consider prepaying when you have extra funds to reduce interest burden.
Your EMI is 10.0% of loan amount. Consider shorter tenure if you can afford higher EMI.
Many retailers offer zero-cost EMI where they bear the interest. Always check if this option is available for your purchase!
Our Credit Card EMI Calculator is a comprehensive tool designed to help you convert credit card purchases into affordable monthly installments. This calculator provides detailed amortization schedules, tenure comparisons, prepayment analysis, and personalized recommendations based on current banking practices and RBI guidelines to help you make informed financial decisions.
The actual purchase amount minus any down payment. This is the amount on which interest is calculated. Lower principal = lower EMI and interest.
Annual percentage rate charged by the bank. Divided by 12 for monthly rate. Premium cards offer 12-18%, standard cards 24-36%, and some charge up to 48%.
Repayment period in months. Shorter tenure = higher EMI but less total interest. Longer tenure = lower EMI but more interest paid overall.
One-time charge for EMI conversion (1-3% of purchase). Plus 18% GST on this fee. Some banks waive during promotional periods.
Calculate exact savings from prepayment at any month, including prepayment charges. Understand how making additional payments can reduce your total interest burden and shorten your repayment period.
View detailed month-by-month breakdown showing principal payment, interest payment, outstanding balance, and cumulative totals. Track your repayment progress throughout the tenure.
Compare multiple tenure options (6, 9, 12, 18, 24, 36 months) to find the optimal balance between monthly EMI affordability and total interest cost.
Compare EMI option with paying minimum balance to understand the true cost difference and make an informed decision about which payment method suits your financial situation.
Interactive charts showing the breakdown of principal, interest, and fees. Visualize how the principal-to-interest ratio changes over the repayment period.
Automatically calculates processing fees (typically 1-3%) and GST (18%) on fees, providing accurate total cost including all charges for better financial planning.
Standard EMI with interest charged on reducing balance. You pay processing fee + interest over tenure.
Merchant bears the interest cost. Total EMI = Product price (no extra interest for you).
Convert at point of purchase without calling bank. Approved instantly at checkout.
Pay only interest for initial months, then principal + interest. Flexible payment structure.
| Feature | Credit Card EMI | Personal Loan | Pay Full |
|---|---|---|---|
| Interest Rate | 24-48% p.a. | 10-24% p.a. | 0% |
| Processing Time | Instant | 2-7 days | Instant |
| Documentation | None | Income proof, ID | None |
| Processing Fee | 1-3% + GST | 1-2% + GST | 0% |
| Tenure Options | 3-60 months | 12-84 months | N/A |
| Prepayment | Allowed (2-3% charge) | Free after 6 months | N/A |
| Best For | ā¹20K-2L, 3-24 months | ā¹2L+, 24+ months | If you have funds |
Check which cards you qualify for
Calculate interest on outstanding
Estimate your credit score
Calculate loan EMI
Check loan eligibility
Calculate personal loan EMI
Before converting any purchase to EMI, compare different tenure options using this calculator. A 12-month tenure typically offers a good balance between affordable EMI and reasonable interest cost. For purchases above ā¹2 lakhs, consider comparing with personal loan rates as they may offer lower interest rates. Always verify zero-cost EMI offers by multiplying EMI Ć Tenure and comparing with the cash price. This calculator is for informational purposes - please consult with your bank for final terms and conditions.