Credit Card EMI Calculator with GST — India

Credit Card EMI Calculator · India

Credit Card EMI Calculator with GST — India

What that "no-cost EMI" actually costs

Convert a credit card purchase into EMIs and see the real payout — interest, processing fee, and the 18% GST that banks charge on top of both.

Purchase Amount

₹

₹1,000₹5,00,000

Interest Rate Monthly reducing-balance rate

% / mo

0% (no-cost)3.5%

Tenure

months

3 mo24 mo

Processing Fee

Flat fee % of purchase amount

Fee Amount

₹

₹0₹999

Monthly EMI

₹0

per month, for the chosen tenure

Cost Breakdown

Purchase amount₹0

Total interest₹0

Processing fee₹0

GST (18% on interest + fee)₹0

Total payable₹0

Per Indian tax rules, 18% GST applies to the interest and processing fee charged on credit card EMIs — not to the principal purchase amount itself. "No-cost EMI" offers waive the interest but GST may still apply on the processing fee.

Figures are indicative and use standard reducing-balance EMI calculation. Actual rates, fees, and GST treatment vary by card issuer — check your bank's EMI terms before converting a purchase.

EMI = [P × R × (1+R)^N] / [(1+R)^N − 1], where P = purchase amount, R = monthly interest rate, N = tenure in months. GST is calculated at 18% on (total interest + processing fee).