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Credit Card EMI Conversion Calculator
Result
Chart
Show formula & working
EMI on the reducing balance; GST 18% on each month's interest and on the fee
Effective rate = monthly IRR of (amount, −EMI − GST − fee) × 12
Details
RBI rules on credit-card dues: rates and rules as of 01-Oct-2026 · Source: RBI (Commercial Banks – Credit Cards and Debit Cards: Issuance and Conduct) Directions, 2025 (RBI/DOR/2025-26/155, 28 Nov 2025, updated as on 1 October 2026), paragraphs 23(2), 23(5), 23(6) and 12(3); GST: Notification 12/2017-CT(Rate) entry 27(a) excludes credit-card interest from the exemption. Every figure based on it stays editable.
GST on loan processing and similar fees: rates and rules as of 28-Oct-2026 · Source: GST rate schedule for services, heading 9971 (CGST 9% + SGST 9%); CBIC Circular 218/12/2024-GST on processing fees. Every figure based on it stays editable.
How this works
Converting a large purchase to EMIs is usually far cheaper than carrying it as a revolving balance — but the processing fee and GST mean the true rate is higher than the quoted one.
A "no-cost" EMI typically gives back the interest as a discount; GST on that interest and the processing fee still apply.
Frequently asked questions
Does EMI conversion block my credit limit?
Usually the converted amount stays blocked from your limit and is released as EMIs are paid.
Can I close it early?
Most issuers allow it, sometimes with a foreclosure charge. Check the terms.
Talk to Rytvae
Compare lenders, structure the loan and plan prepayments with someone who reads sanction letters for a living.