Banks offer EMI on credit card purchases for mobiles, laptops and appliances. Before converting a bill to EMI, check the true cost — processing fee and interest add up even on "no cost EMI" offers sometimes hidden in price.
What affects card EMI
- Purchase amount
- Tenure (3, 6, 9, 12 months)
- Interest rate or merchant subsidy
- GST on interest and processing fee
No-cost EMI — read fine print
Merchant or bank may absorb interest but GST on interest can still apply. Compare total outflow vs paying full amount.
Use Master Calc Credit Card EMI Calculator to see monthly payment and total cost before you tap "Convert to EMI".
Disclaimer: Card terms vary by bank. Check your statement.