Calculate credit card purchase EMI conversion with bank interest rates, processing fees, and 18% GST.
Result
Includes mandatory 18% GST on all interest charges and processing fees.
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EMI on reducing balance + Processing Fee + 18% GST on Interest
₹60,000 converted to 6-month EMI at 15% rate with ₹199 processing fee.
Monthly EMI: ₹10,443 | Total Interest: ₹2,657 | 18% GST on Interest: ₹478.
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Open calculatorYes. Under Indian GST law, an 18% GST is levied on both the one-time processing fee and the monthly interest component charged by the card-issuing bank.
Converting high-ticket retail purchases to credit card EMIs lowers immediate cash strain, but interest charges (14%–24%) and mandatory 18% GST add meaningful extra cost compared to no-cost EMI schemes.