How does Credit Card EMI work?

A large purchase is converted into monthly installments at a fixed interest rate (12–18% p.a.) plus a one-time processing fee.

Is "no-cost EMI" really free?

The interest is built into the discount you would otherwise have got, or absorbed by the merchant. GST is still charged on the interest portion.

Yes, but most issuers charge a 3% foreclosure fee on the outstanding principal.

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Plan your credit card EMI conversion cost.

Reviewed by Nisha SLast verified 6 Sept 2026RBI-compliantFact-check policy

Loan Amount₹50,000

₹5K₹10L

Interest Rate %15.0%

5%30%

Tenure (years)12 yrs

324

Monthly EMI₹750

Total Interest₹58,063

Total Payment₹1,08,063

Compare rates across 50+ banks.

Personalised plan in 60 seconds.

Calculate equated monthly installments for your credit card based on amount, rate and tenure.

EMI = [P × r × (1+r)^n] / [(1+r)^n − 1]

Everything you need to know about the Credit Card EMI.

Results are illustrative estimates for planning. Actual figures depend on bank/AMC terms, taxes and market conditions.