No-Cost EMI vs Discount Calculator

How this works

Upfront discount or no-cost EMI, which is cheaper?

Note: This EMI calculator excludes the processing fee (1–2% of principal, charged upfront) and GST on the interest component (18%). For the all-in cost, add the processing fee to the principal before running the calculator.

The calculator takes 5 inputs (product price, upfront discount %, emi tenure (months), card rate %, reward on full payment) and produces 3 outputs (upfront discount value, no-cost emi net value, better option). All formulas are published below — no hidden assumptions, no sign-up wall, no data sent to a server.