EMI Real Cost Decoder

"No Cost EMI" is rarely no cost, and standard EMIs have hidden GST layers. Decode the exact extra amount you'll pay and the true interest rate.

＋Equis / Credit Amortization

FORM EM · REV. 01 · MMXXVI

Select Card

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Principal (₹)

Transaction amount

₹

Quoted APR (%)

Annual interest rate

Tenure (Months)

Processing Fee (₹)

Bank setup fee

₹

DEBT TRAP

Monthly EMI₹8,702

Total Interest Paid₹2,210

18% GST (On Interest + Fee)₹434

Total Extra Cost₹2,843

warningDue to GST and processing fees, your True Effective Annual Rate is 11.37%, not the quoted 15%.

Total Extra Cost₹2,843

True Rate11.37%