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Credit Card EMI Calculator India 2025

Convert your credit card purchases into easy EMIs. Calculate monthly payments, processing fees, and total cost with our advanced calculator.

₹

One Lakh Fifty Thousand rupees

₹1K₹10L
%
1%50%
%
0%5%

💡 Typical rates: 1-2.5% for most banks

Monthly EMI

₹26.33 K

For 6 months @ 18% p.a.

Cost Breakdown

ComponentRateAmount
Transaction Amount
-₹1.50 L
Processing Fee
1.5%₹2.25 K
GST on Processing Fee
18%₹405
Total Interest
18% p.a.₹7.97 K
GST on Interest
18%₹1.44 K
Total Payable₹1.62 L
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Payment Schedule

Showing 1 to 6 of 6 entries

Total Principal

₹1.50 L

Total Interest

₹9.86 K

Total Payable

₹1.60 L

Month
EMI
Prin.
Int.
Balance
Dec 2025
₹26.64 K
₹24.39 K
₹2.25 K
₹1.26 L
Jan 2026
₹26.64 K
₹24.76 K
₹1.88 K
₹1.01 L
Feb 2026
₹26.64 K
₹25.13 K
₹1.51 K
₹75.71 K
Mar 2026
₹26.64 K
₹25.51 K
₹1.14 K
₹50.21 K
Apr 2026
₹26.64 K
₹25.89 K
₹753.098
₹24.32 K
May 2026
₹26.64 K
₹26.28 K
₹364.734
₹0

Credit Card EMI Cost Breakdown

Complete breakdown of all charges and fees

93.8%
Principal
6.2%
Interest
2.8%
Fees + GST
Transaction Amount
Total Interest
Processing Fee + GST

Detailed Breakdown

₹1.5L
Principal (93.8%)
₹9.9K
Interest (6.2%)
ComponentAmount%
Transaction Amount
₹1.5L93.8%
Total Interest
₹9.9K6.2%
Processing Fee + GST
₹4.4K2.8%
Total Amount₹1.6L100.0%
Total You Pay: ₹1.6L
Extra Cost: ₹9.9K(6.6% more than purchase amount)

Key Insights

Principal amount forms the largest portion of your total payment
Interest charges depend on tenure - shorter tenure means less interest
Processing fees are one-time charges at the start

Cost Optimization Tips

Choose shorter tenure to minimize total interest paid
Compare processing fees across different banks
Consider prepayment to reduce interest burden

Want to Find the Best Credit Card?

Compare credit cards from different banks to find the best EMI rates, processing fees, and benefits

Compare Credit Cards

Credit Card EMI: Who Should Use & Who Should Avoid

Understanding when credit card EMI is beneficial and when to avoid it

Who Should Use Credit Card EMI

People with steady income who can afford monthly EMIs
For purchases above ₹10,000 with tenure 6+ months
When you want to preserve cash flow for investments
For high-value purchases like electronics, furniture

Who Should Avoid Credit Card EMI

People with irregular income or financial instability
For small purchases below ₹5,000
When you can pay full amount without affecting finances
If you already have multiple EMIs running

💡 Pro Tip

Always compare the EMI processing fee and interest rate with personal loan rates. Sometimes personal loans can be cheaper for large purchases.

Hidden Charges in Credit Card EMI

Be aware of these additional costs beyond your monthly EMI

Processing Fees

Processing fee: 1% to 2.5% of transaction amount
GST: 18% on processing fee
Minimum processing fee: ₹99 to ₹500

Interest & GST

Interest rates: 15% to 24% per annum
GST on interest: 18% (on total interest)
Pre-closure charges: ₹250 to ₹500

Penalty Charges

Late payment fee: ₹500 to ₹1,500 per month
EMI bounce charges: ₹500 to ₹750
Cheque bounce fee: ₹500 to ₹1,000

How to Convert Purchase to EMI

Simple steps to convert your credit card purchases into monthly installments

1

After Purchase

• Make the purchase using your credit card

• Wait for transaction to reflect in statement

• Contact bank within 30 days of purchase

2

Apply for EMI

• Call customer care or use mobile app

• Provide transaction details

• Choose tenure (3 to 24 months)

3

Start Payments

• EMI starts from next billing cycle

• Processing fee charged immediately

• Pay EMI along with minimum due

Credit Card EMI Calculator FAQs

Everything you need to know about Credit Card EMI conversion, charges, and best practices

What is Credit Card EMI and how does it work?

Credit Card EMI allows you to convert your high-value credit card purchases into easy monthly installments. Instead of paying the full amount in one go, you can spread the payment over 3-24 months.

How it works: Contact your bank after making a purchase, choose tenure, pay processing fee, and start EMI from next billing cycle.

What are the charges involved in Credit Card EMI?

Credit Card EMI involves several charges beyond the monthly EMI:

  • Processing Fee: 1-2.5% of transaction amount (minimum ₹99-₹500)
  • GST on Processing Fee: 18% on the processing fee
  • Interest Rate: 15-24% per annum
  • GST on Interest: 18% on total interest paid
  • Pre-closure Charges: ₹250-₹500 if you close EMI early

What is the minimum and maximum tenure for Credit Card EMI?

Credit Card EMI tenure varies by bank and transaction amount:

  • Minimum Tenure: 3 months
  • Maximum Tenure: 24-36 months (varies by bank)
  • Popular Tenures: 6, 9, 12, 18, 24 months
  • Minimum Transaction: ₹2,500-₹5,000 (varies by bank)

Note: Longer tenure means lower EMI but higher total interest cost.

Who should use Credit Card EMI and who should avoid it?

Should Use:

  • Steady income earners
  • High-value purchases (₹10,000+)
  • Want to preserve cash flow
  • Can afford monthly EMIs

Should Avoid:

  • Irregular income
  • Small purchases (below ₹5,000)
  • Can pay full amount easily
  • Already have multiple EMIs

How to convert a credit card purchase to EMI?

You can convert credit card purchases to EMI through these methods:

Before Purchase (Pre-EMI):

  • Inform merchant during purchase
  • Choose tenure at POS terminal
  • Lower processing fees

After Purchase (Post-EMI):

  • Call customer care within 30 days
  • Use mobile banking app
  • Visit branch with transaction details

Is Credit Card EMI better than Personal Loan?

Comparison depends on amount, tenure, and your financial situation:

FactorCredit Card EMIPersonal Loan
Interest Rate15-24%10-18%
Processing Fee1-2.5%1-3%
DocumentationMinimalExtensive
Approval TimeInstant1-7 days

Can I close Credit Card EMI before tenure ends?

Yes, you can pre-close your Credit Card EMI by paying the outstanding amount, but it comes with charges:

  • Pre-closure Fee: ₹250-₹500 (varies by bank)
  • Outstanding Principal: Remaining principal amount
  • Accrued Interest: Interest for the current month
  • No Refund: Processing fee and GST are non-refundable

Tip: Pre-closure is beneficial if you have completed at least 50% of the tenure.

What happens if I miss Credit Card EMI payments?

Missing Credit Card EMI payments can have serious consequences:

Immediate Impact:

  • Late payment fee: ₹500-₹1,500
  • Higher interest charges
  • EMI converted to regular credit card debt

Long-term Impact:

  • Negative impact on credit score
  • Difficulty in getting future loans
  • Card blocking or limit reduction