No Cost EMI Calculator

See what a "no cost" EMI really costs you after GST on interest, the processing fee and a lost discount. Amounts in ₹.

Your offer

Bank or card (typical rates, check yours) Product price (₹) Cash discount if you pay upfront (₹) Price difference (₹, optional) Worked out for you from the product price and the amount debited below. You can also type the difference here and the debited amount is filled in. Amount debited on your card (₹, optional) If you already paid, enter the amount your card statement shows. The calculator then works out the discount and the interest rate for you. Bank interest rate (% a year, worked out from your debit) GST on interest (%) Processing fee (₹ amount, before GST) GST on processing fee (%) Months Interest your saved cash can earn (% a year)

Enter the processing fee in rupees, before GST. If you pick a bank from the list, its fee is worked out in rupees for your price. Interest rates change with the months you pick, so confirm yours at checkout. Put 0 in the interest your saved cash can earn to ignore it.

You pay extra over cash

₹0

True yearly cost of this EMI

₹0

Monthly payment (first month)

Your payment: deducted and actual amounts

Where your total payment goes

Where the extra money goes

Compare three ways to pay

	Cash	No Cost EMI	Regular EMI

How the interest is applied

Month by month

Month	Balance at start	Interest	GST on interest	Principal	You pay	Price still owed

Balance starts at the amount charged to your card, after the discount. Interest is what the bank charges and the discount covers. "You pay" is price ÷ months plus that month's GST.

Good to know

This is an estimate. Banks round differently and may charge other fees. Check the EMI breakup at checkout.
If you close the EMI early, ask the bank about a foreclosure charge first.