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Credit Card EMI Calculator
Estimate the monthly instalment and interest cost of converting a credit card balance into EMIs over a tenure in months.
Convert credit card outstanding into EMI payments over a tenure in months.
Free to run · to save projections to your live dashboard
Enter values and click Calculate to see results
Worked example
Calculated by the same engine as the calculator above.
- Inputs
- Loan Amount
- ₹50,000
- Interest Rate (% p.a.)
- 18
- Tenure (Months)
- 12
- Result
- Monthly EMI
- ₹4,584
- Total Interest
- ₹5,008
- Total Payment
- ₹55,008
Formula
EMI = P × i × (1 + i)^n / ((1 + i)^n - 1)
- P = amount converted to EMI
- i = annual interest rate / 12 / 100 (monthly rate)
- n = tenure in months
- Total payment = EMI × n; total interest = total payment - P
Assumptions
- Uses the standard reducing-balance EMI formula with a fixed interest rate for the whole tenure.
- Interest is charged monthly at the annual rate divided by 12.
- Processing fees, GST on interest and fees, and foreclosure charges are not included.
- Tenure is a whole number of months, as card EMI plans are offered (for example 3, 6, 9, 12, 18 or 24 months).
- Educational estimate only, not financial advice. Capitallytics does not execute transactions.
Credit Card EMI Calculator FAQ
Answers about how this calculator works.
Which tenures can I enter?
Any whole number of months. Card issuers usually offer 3, 6, 9, 12, 18 and 24 months; enter the tenure in your offer.
Is GST on credit card EMI interest included?
No. GST is usually charged on the interest and processing fee, which would make the actual cost higher than shown.
Is converting to EMI cheaper than paying the minimum due?
Often the EMI rate is lower than the revolving credit rate, but it depends on the offer. Compare the total interest here with your card's revolving charges.
What rate should I enter?
Enter the annual rate in the EMI offer. If the card quotes a monthly rate, multiply it by 12.