💳 Credit Card EMI Calculator

Calculate your monthly EMI, total interest cost, and make informed purchase decisions

✅ All Indian Banks ✅ Accurate Rates ✅ Free Tool

EMI Calculator

Enter Purchase Details

Purchase Amount (₹)

Select Your Bank

EMI Tenure (Months)

Processing Fee (%) Usually 1.5% - 3.5% of purchase amount

Calculating your EMI...

EMI Calculation Results

Enter details above to calculate EMI

📊 Get instant EMI calculations
💰 Compare total costs
🎯 Make informed decisions

Current Bank Interest Rates

Compare interest rates across major Indian banks

SBI

SBI Card

3.30% p.m.

Processing: 1.5% - 2.5%

HDFC

HDFC Bank

3.35% p.m.

Processing: 2.0% - 3.0%

Standard Chartered

3.40% p.m.

Processing: 2.5% - 3.5%

ICICI

ICICI Bank

3.50% p.m.

Processing: 2.0% - 3.0%

AXIS

Axis Bank

3.60% p.m.

Processing: 1.5% - 2.5%

YES

YES Bank

3.75% p.m.

Processing: 2.5% - 3.5%

Note: Interest rates are indicative and may vary based on your credit profile, card type, and current bank policies. Always confirm rates with your bank before making EMI purchases.

💡 Smart EMI Tips

🎯 When to Choose EMI

EMI is good for large purchases (₹50K+) when you can invest the cash for higher returns than the EMI interest rate.

💰 Compare Total Cost

Always compare the total amount (EMI + interest + fees) with the original price to understand the real cost.

⏰ Shorter Tenure = Less Interest

Choose the shortest tenure you can afford. Higher EMI but significantly lower total interest cost.

🎁 Look for 0% EMI Offers

During sales, many merchants offer 0% EMI where they absorb the interest cost. This is always better than regular EMI.

💳 Check Processing Fees

Processing fees add to your cost. Some banks waive fees during promotional periods or for premium customers.

📈 Prepayment Benefits

Most banks allow early closure of EMI without penalty. Pay off early if you have extra cash to save on interest.

❓ Frequently Asked Questions

How is credit card EMI calculated?

EMI = [P × R × (1+R)^N] / [(1+R)^N-1], where P = Principal amount, R = Monthly interest rate, N = Number of months

Is EMI good or bad for credit score?

EMI payments, when made on time, actually improve your credit score by showing consistent repayment behavior. Missing EMI payments hurts your score.

Can I convert existing purchases to EMI?

Yes, most banks allow you to convert existing purchases to EMI within 30-45 days of the transaction through internet banking or customer service.

What happens if I miss an EMI payment?

Missing EMI payments results in late fees, increased interest rates, and negative impact on credit score. Banks may also cancel the EMI facility.