Credit
Credit Card EMI Calculator
The true cost of converting a purchase to EMI, including processing fee and GST.
₹1,000₹60,000₹50 L
014%36
312 months36
₹0₹199₹10,000
Monthly EMI
₹5,387
- Purchase91%
- Cost of EMI9%
- Interest
- ₹4,647
- GST on interest (18%)
- ₹836
- Processing fee incl. GST
- ₹235
- Total extra cost
- ₹5,718
- Effective annual cost
- 9.53%
What this means.The advertised 14% becomes 9.5% once GST and the processing fee are counted. "No-cost EMI" is the same maths with the interest folded into the price as a foregone discount — and you still pay GST on that hidden interest.
Worth knowing.Results are estimates based on the assumptions you enter. Actual outcomes depend on the exact terms offered to you, the compounding convention your institution uses, and tax law as it applies to your situation. Nothing here is personalised advice.
Your data stays with you
This calculator runs entirely in your browser. Your income, loan amount, salary and any other figure you type is never transmitted to Credsir or anyone else. Nothing is stored, logged or shared.