Credit Card EMI Calculator: EMI, Interest, Fee and GST
Free tool · Updated October 2, 2026 · By CouponTalk
Your result
Enter your measurements to see your result.
Quick answer
Credit card EMIs charge interest on the reducing balance, plus a processing fee, plus 18% GST on both. Converting ₹50,000 at 16% a year for 12 months gives an EMI of ₹4,537. Interest is ₹4,439, the fee ₹199 and GST ₹835, so the purchase costs ₹5,472 more, about 10.9% of the price.
How to use this calculator
- Enter the amount you want to convert to EMI.
- Copy the interest rate and processing fee from your bank's EMI page.
- Pick the tenure and compare the total extra cost.
EMI on ₹50,000 at 16% a year
| Tenure | EMI | Interest | Total extra cost (incl. ₹199 fee + GST) |
|---|---|---|---|
| 3 months | ₹17,113 | ₹1,339 | ₹1,815 |
| 6 months | ₹8,727 | ₹2,359 | ₹3,019 |
| 9 months | ₹5,932 | ₹3,392 | ₹4,238 |
| 12 months | ₹4,537 | ₹4,439 | ₹5,472 |
| 18 months | ₹3,143 | ₹6,571 | ₹7,988 |
| 24 months | ₹2,448 | ₹8,756 | ₹10,567 |
Rates and fees differ by bank and card. Check your bank's EMI terms before converting.
Frequently asked questions
Is GST charged on credit card EMI?
Yes. Banks charge 18% GST on the interest part of each EMI and on the processing fee.
Can I close a credit card EMI early?
Usually yes, with a foreclosure fee of around 2–3% of the balance at many banks. Check your bank's terms.
Does credit card EMI block my limit?
Yes. The full amount is blocked and released as you pay each EMI.
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