Includes 18% GST on Interest & True No-Cost EMI Audit

Credit Card EMI & GST Calculator

See your real monthly outflow including mandatory 18% GST on interest, bank processing fees, and the hidden cost of "No-Cost" EMIs.

Configure Purchase

Purchase Amount (₹)

₹

₹5,000 ₹10,00,000

Bank EMI Interest Rate (% p.a.)

EMI Tenure (Months)

Bank Processing Fee (%)

Most Indian banks charge ₹199 or 1% + 18% GST on EMI conversion

Include 18% GST on Interest & Fee

Mandatory on all Indian credit card EMIs

No-Cost EMI Mode

Interest discounted upfront (GST still applies!)

₹0

Base EMI: ₹/mo + ~₹/mo (18% GST on interest)

Product Price

₹0

Net Interest

₹0

18% GST + Fee

₹0

Total Outflow

₹0

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Why your "No-Cost EMI" still costs ₹ extra

In a No-Cost EMI, the merchant gives an upfront discount of ₹ equal to the bank's interest. However, under Indian tax rules, the bank still charges 18% GST on that interest (₹) plus processing fee & GST (₹).

Complete Cost Breakdown

Original Purchase Price ₹

Bank Interest (% p.a. for mo) (Discounted by Merchant) ₹

18% GST on Interest Component ₹

Processing Fee (%) + 18% GST ₹

Net Total Payable to Bank ₹

Compare Tenures (Including GST & Fees)

Tenure	Monthly Outflow	Interest + GST	Total Payable