Credit & Loans
Credit Card EMI Calculator
Convert your credit card outstanding into affordable EMIs and calculate total interest cost.
Formula
EMI = Outstanding × [r(1+r)^n] / [(1+r)^n - 1]
Outstanding Balance, Rate %, Tenure (months)
Results
Enter values above to see results
EMI = Outstanding × [r(1+r)^n] / [(1+r)^n - 1]
Credit card EMIs convert your outstanding balance into easy monthly instalments at a higher interest rate (typically 18-42% p.a.). Banks charge processing fees and the interest is calculated on the reducing balance.
Credit card EMI on ₹1,00,000 outstanding at 36% p.a. for 12 months
Input Values
Calculation
Applying the formula with the input values above:
Results
Monthly EMI
₹10,378.00
Total Payment
₹1,24,536.00
Total Interest
₹24,536.00
- 1Enter the outstanding credit card balance you want to convert to EMI.
- 2Input the interest rate (typically 18-42% p.a. depending on card type and bank).
- 3Select the EMI tenure from 3 to 24 months (longer tenure = more interest).
- 4Consider personal loan instead if you can get lower rates (10-18% p.a.).
- 5Avoid revolving on credit cards; always pay more than minimum due.
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