What is a Credit Card EMI Calculator?
A credit-card EMI is a fixed instalment on a converted purchase, usually at a higher rate than a bank personal loan.
How is it calculated?
Enter the purchase amount, conversion rate and tenure.
Formula used
EMI = P × r × (1+r)^n / ((1+r)^n − 1)
P = principal, r = annual rate ÷ 12 ÷ 100, n = months
P = principal, r = annual rate ÷ 12 ÷ 100, n = months
Worked example
₹60,000 at 16% for 1 year has an EMI of about ₹5,455.
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Frequently asked questions
Is GST charged on card interest?
Issuers may levy GST on fees and interest. This tool shows principal-interest math only.
Grow Money Calculator provides general financial calculation tools for educational and planning purposes. Results are estimates based on the information you enter and may differ from actual lender, bank or investment-product calculations. This is not a loan offer or investment advice. Read the full disclaimer.