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Credit Card EMI Calculator

Credit card EMI with GST and no-cost EMI cost.

EMI type
₹
%

Card EMIs are usually 13–24% a year

months
₹

Often ₹99–₹299 per EMI booking

Monthly EMI
₹10,442.03
+ GST on interest, about ₹79.57/month
Interest
₹2,652.17
GST (18%)
₹513.21
On interest and fee
Total you pay
₹63,364.38
₹60,000.00 purchase
Extra cost
₹3,364.38
5.61% of the price
MonthPrincipalInterestGSTYou payBalance
1₹9,692.03₹750.00₹135.00₹10,577.03₹50,307.97
2₹9,813.18₹628.85₹113.19₹10,555.22₹40,494.79
3₹9,935.84₹506.18₹91.11₹10,533.14₹30,558.95
4₹10,060.04₹381.99₹68.76₹10,510.79₹20,498.91
5₹10,185.79₹256.24₹46.12₹10,488.15₹10,313.11
6₹10,313.11₹128.91₹23.20₹10,465.23₹0.00

The processing fee of ₹199.00 + ₹35.82 GST is usually charged with the first statement.

How to use

  1. 1Choose regular or no-cost EMI.
  2. 2Enter the purchase amount, interest rate and tenure.
  3. 3Add the processing fee.
  4. 4See the EMI, GST, total cost and monthly schedule.

Frequently asked questions

Is GST charged on credit card EMI?

Yes. 18% GST is charged on the interest part of every EMI and on the processing fee.

Is no-cost EMI really free?

Not fully. The interest is given back as a discount, but you still pay GST on that interest and the processing fee.

What interest rate do credit cards charge for EMI?

Usually 13–24% a year, depending on the bank and tenure. Check your bank's EMI offer.

Can I close a card EMI early?

Most banks allow foreclosure, often with a fee of 1–3% of the outstanding amount plus GST.

Does converting to EMI affect my credit limit?

Yes. The full amount blocks your limit and frees up as you pay each EMI.

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