How is the EMI EMI calculated?

The EMI EMI is calculated using the standard reducing balance formula. Our calculator factors in principal, tenure, interest rate, and hidden costs like GST and processing fees to give you the exact mathematical outgo.

Can I see the month-by-month schedule for my EMI loan?

Yes, our advanced calculator generates a complete month-by-month amortization schedule, breaking down exactly how much of your payment goes toward principal versus interest.

Why should I use the EQUIS EMI calculator?

Unlike basic bank calculators that hide fees, the EQUIS calculator shows you the 'Brutal Truth'—your exact Effective Annual Rate (EAR) including GST and processing fees, ensuring you never get tricked by flat rates.

Credit Card EMI Calculator

Calculate monthly EMIs, processing fees, and GST charges on your credit card. Uncover total interest cost before converting transactions.

＋Equis / Credit Amortization

FORM EM · REV. 01 · MMXXVI

Apna Card Chunein

Ek card chuneinexpand_more

Aapka Kharcha (₹)

Jitne ka samaan liya

₹

Interest Rate (%)

Bank ne jo rate bataya

Kitne Mahine (Tenure)

Processing Fee (₹)

Bank ka extra charge

₹

DEBT TRAP

Asli Kharcha (True Cost)

Har Mahine ki EMI₹8,702

Total Interest Jo Dena Hoga₹2,210

18% GST (Interest + Fee Par)₹434

Total Extra Kitna Laga₹2,843

warningGST aur processing fees ko milakar, aapka Asli Interest Rate 11.37% hai, na ki bank ka bataya hua 15%.

Methodology: How We Calculate True EMI Cost

When you convert a credit card purchase into an EMI, banks often advertise "No Cost EMI" or low-interest rates. However, our calculator factors in the complete cost structure prevalent in the Indian banking system.

calculate
1. Principal & Bank InterestThe base amount plus the advertised Annual Percentage Rate (APR) applied on a reducing balance basis.
receipt_long
2. Upfront Processing FeeA one-time flat fee or percentage-based fee charged at the time of EMI conversion.
account_balance
3. The 18% GST BurdenIn India, 18% Goods and Services Tax (GST) is levied on the interest component and the processing fee, making your effective rate significantly higher.

Frequently Asked Questions

Is GST charged on credit card EMI in India?expand_more

Yes. While there is no GST on the principal amount, the Indian government levies an 18% GST on the interest component of your EMI and the initial processing fee. This is calculated dynamically by our tool to show your exact monthly outgo.

What is the hidden cost of No Cost EMI?expand_more

In a "No Cost EMI", the merchant gives you an upfront discount equal to the interest the bank will charge you. However, you are still liable to pay the 18% GST on that interest and any processing fees. Therefore, No Cost EMI is never truly zero-cost.

Can I foreclose my credit card EMI?expand_more

Yes, most banks allow foreclosure of credit card EMIs. However, they usually charge a foreclosure penalty (typically around 3% of the outstanding principal) plus 18% GST on that penalty. Always check if the interest saved is greater than the foreclosure charges.

Total Extra Laga₹2,843

Asli Rate11.37%

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