Credit Card EMI Calculator

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Monthly EMI

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Total Interest

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Greetings, financial wizards and monetary maestros! Welcome to the fascinating world of credit cards and their equally intriguing partner-in-crime, the EMI. No doubt you’ve heard these terms bandied about quite a bit, especially if you’ve taken a dive into the ocean of credit. But have you ever stopped to wonder what they mean, or how they work? Fret not, for today, we shall unveil the curtain on these elusive characters and help you master the art of managing your credit card EMIs with the help of a nifty tool called the EMI Calculator.

But before we delve into the depths, let’s start with the basics.

Credit Card EMI Calculator : Understanding the Basics

EMIs, or Equated Monthly Installments, are like breadcrumbs leading Hansel and Gretel back home. They help you repay the amount you borrowed (the principal) and the interest charged by your bank or credit card issuer in easy monthly installments. Think of it as a handy payment method that makes large purchases affordable and ensures that you don’t burn a hole in your pocket right away.

Now, imagine having a tool that could help you plan these breadcrumbs or EMIs in a manner that aligns with your financial capabilities. Enter the Credit Card EMI Calculator. This ingenious tool is your roadmap to financial planning. It helps you figure out how much you’ll have to pay each month for that shiny new smartphone or that dream vacation you’ve charged to your credit card. The best part? You can play around with different variables like the principal amount, the interest rate, and the tenure to find an EMI that fits your budget like a glove.

What is a Credit Card EMI?

Credit Card EMI is a feature that allows you to convert your high-value credit card purchases into easy and flexible installments. It’s your own financial fairy godmother that turns the pumpkin-sized credit card bill into a manageable, coach-like EMI.

For instance, if you’ve just bought a top-of-the-line refrigerator that costs INR 60,000, paying the entire amount upfront might be daunting. But with the Credit Card EMI feature, you could choose to pay INR 5,000 per month for 12 months instead. Sounds manageable, doesn’t it?

What is a Credit Card EMI Calculator?

The Credit Card EMI Calculator is the magic wand that the fairy godmother wields. It is an online tool that helps you calculate your EMI amount based on the purchase price, the tenure of repayment, and the interest rate.

Think of it as a crystal ball that lets you peek into your financial future. It tells you exactly how much you need to pay every month, so you can plan your expenses accordingly. Plus, it saves you from the trouble of complex calculations and the risk of errors.

So, there you have it! The first part of our guide has introduced you to the basic characters of our story – the Credit Card EMI and the EMI Calculator. We hope this has piqued your interest and left you eager for the next part where we’ll dive deeper into the factors that affect your EMI and how to use the EMI Calculator. Stay tuned, and remember, knowledge is the real wealth!

Delving Deeper: Factors Impacting Your Credit Card EMI

Now that we’ve acquainted ourselves with the key characters, it’s time to deep dive into the elements that pull the strings behind the scene.

There are three puppeteers that control your EMI: the Principal amount, the Interest Rate, and the Tenure. Let’s explore them one by one.

  • Principal Amount: Simply put, it’s the actual amount you’ve spent using your credit card. The larger your spending, the larger your EMI, and vice versa.
  • Interest Rate: This is the cost of borrowing money, expressed as a percentage of the principal. It varies from one card issuer to another and plays a significant role in determining the total amount you repay. It’s like the chilli in your curry – a small component, but it changes the taste significantly!
  • Tenure: Tenure is the period over which you choose to repay your EMI. It’s like the speed of your car. The faster you go (shorter tenure), the sooner you’ll reach your destination (complete repayment), but the ride (EMI) might be bumpier (higher). On the other hand, a slower speed (longer tenure) offers a smoother ride (lower EMI), but it takes longer to reach the destination.

How to Use the CashZeni Credit Card EMI Calculator?

It’s time to give your calculators a rest and let our trusty sidekick, the CashZeni Credit Card EMI Calculator, do the heavy lifting. Here’s a step-by-step guide to help you out:

  1. Step 1: Enter the principal amount, which is the total amount of your credit card expenditure that you wish to convert into EMIs.
  2. Step 2: Input the interest rate offered by your credit card provider. It’s usually annual, so don’t forget to divide it by 12 to get the monthly rate.
  3. Step 3: Select your desired tenure. This could range from a few months to a couple of years, depending on your repayment capacity and the terms offered by your card provider.
  4. Step 4: Click on “Calculate”. The CashZeni Credit Card EMI Calculator will instantly show you the monthly EMI you need to pay.

It’s that simple! No advanced mathematics, no complicated formulas, just pure, uncomplicated financial planning.

The Maths Behind It: Credit Card EMI Calculator Formula

While our EMI Calculator does all the calculations for you, it’s always good to know what goes on behind the scenes, especially for our number-loving friends out there. So, here’s the mathematical formula used by the EMI Calculator:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]


  • EMI is the monthly equated monthly installment
  • P is the principal amount of the loan
  • R is the interest rate
  • T is the tenure of the loan

Let’s take an example. Say, you’ve made a purchase of INR 50,000 on your credit card. The interest rate offered by your card issuer is 15% per annum, and you’ve chosen a tenure of 12 months. In this case, your EMI calculation would look something like this:

EMI = [50,000 x (15/12/100) x (1+(15/12/100))^12] / [(1+(15/12/100))^12 – 1] = INR 4,487.

So, you would need to pay INR 4,487 each month for 12 months to repay your credit card debt.

Remember, understanding the math can help you make better financial decisions. And when in doubt, you always have the CashZeni Credit Card EMI Calculator to fall back on!

Why CashZeni? Benefits of Using the CashZeni EMI Calculator

Why should you choose the CashZeni EMI Calculator? We can give you not one, but three compelling reasons!

  1. Simplicity: Our calculator is designed to be user-friendly. No complex inputs, no complicated outputs, just simple, straightforward numbers.
  2. Flexibility: You can play around with the principal, interest rate, and tenure to see how it affects your EMI. This helps you plan your finances better and avoid any nasty surprises.
  3. Accuracy: There’s no room for error with our calculator. You get the most accurate results every single time, making it a reliable tool for financial planning.

In the grand theatre of finance, the CashZeni Credit Card EMI Calculator is a worthy protagonist that can help you plan, predict, and prosper. So, give it a spin, and unlock a new level of financial freedom!

Stay tuned for the next part where we’ll tackle some frequently asked questions about EMI and EMI Calculators. Until then, keep crunching those numbers!


Phew! That was quite a financial journey, wasn’t it? From understanding what credit card EMI and EMI calculators are, to factors affecting your EMI, and how to use the CashZeni EMI Calculator, we’ve covered a lot of ground. We hope this guide has equipped you with the tools you need to handle your credit card EMIs like a pro.

But remember, as Uncle Ben once told Peter Parker, “With great power comes great responsibility.” So, while credit cards and EMIs give you the power to afford things that you need or desire, it’s crucial to use this power wisely.

So go ahead, take that leap of financial faith, armed with the power of knowledge and the might of the CashZeni EMI Calculator!


For more in-depth knowledge on the matter, you can refer to these sources:

  1. Reserve Bank of India: Guidelines on Credit Card Operations
  2. National Payments Corporation of India: Guidelines on EMI Payments
  3. CIBIL: Impact of EMIs on Credit Score
  4. CashZeni Blog: More on EMI Calculations

And, as always, remember to consult with your financial advisor or credit card issuer for personalized advice.

Stay smart, stay financially savvy! Until next time.

Frequently Asked Questions (FAQs)

Can I convert all my credit card purchases into EMIs?
hases into EMIs?

Most credit card issuers allow you to convert high-value purchases into EMIs. However, the minimum transaction amount that can be converted into EMI varies from one card issuer to another. It’s best to check with your card provider for specifics.

Do I need to pay any additional charges for converting my credit card bill into EMIs?

In addition to the interest on the principal amount, some credit card issuers may charge a processing fee for converting your bill into EMIs. These charges will be disclosed to you at the time of conversion.

Does converting purchases into EMIs affect my credit score?

No, converting your purchases into EMIs does not directly impact your credit score. However, defaulting on your EMI payments can negatively affect your credit score.

How accurate is the CashZeni EMI Calculator?

The CashZeni EMI Calculator is designed to provide highly accurate results. However, the actual EMI may vary slightly due to rounding off of decimal points and other factors. It’s always a good idea to cross-check with your card provider.

Can I prepay my credit card EMI?

Yes, most credit card issuers allow you to prepay your EMIs. However, this may attract a prepayment penalty. It’s advisable to check the terms and conditions of your credit card provider.

How is EMI calculated on credit card?

The EMI will be calculated depending on the rate of interest charged by the bank, the tenure you choose and the down payment which you provide. If for example, you have purchased a phone worth Rs. 20,000 and pay Rs. 10,000 as a down paymen

How many months is EMI on credit card?

Tenures for credit card EMIs range from three to 18 months. You will have a lower credit limit, as the bank will reduce your limit by the amount of your EMI. Your minimum payment due every month will be higher, by the amount of your EMI.

Can I pay 2 months EMI in advance?

If you have surplus funds or have a fear of missing your monthly instalment due date, you can choose to pay your EMIs in advance. This payment option will help you avoid any penal charges applicable in the case of a missed EMI.

How much interest is charged on credit card EMI?

Generally, credit card EMI interest rate starts from 12.5% per annum and it varies from bank to bank. This incurred interest can eat up customer’s savings especially if a longer tenure is chosen. Blocked Credit Limit: The transacted amount is blocked against the credit limit and released upon the payment of EMIs.