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We would be getting to know about the procedure to calculate the EMI’s (Equated Monthly Installments) of Credit Card dues.


As the name suggests here in this article, we would be getting to know about the procedure to calculate the EMI’s (Equated Monthly Installments) of Credit Card dues, which enable us to pay our credit card debtor dues, in form of small and easy to pay installments at attractive interest rates.

This comes in handy especially when you make purchases with your credit card for large amounts and are unable to repay the card issuing company in one go. So, they divide it into small parts with attractive interest rates, thereby making it easy to clear the dues.

Credit Card EMICalculator & how it works

This facility enables us to convert a transaction into easy to pay EMIs. There are some instances in our credit card usage history, that we make bigger purchases (like during festive seasons). When in such situations, card issuing bank provides us with an option cum facility to convert the big due payment into easy to pay EMIs.

Depending on the transaction amount & credit card owners preference, the full payment clearance time period is decided. This EMI facility enables credit card users to get the EMI options that are the best in market offering attractive interest rates. And ultimately, one need not worry when they are thinking sometimes to make a purchase exceeding their spending limits.

Method used to Calculate Credit Card EMIs

Calculation is done by adding:

  • Monthly payable amount
  • Interest Rates &
  • Service Tax

Note : Interest Rates vary from bank to bank & Service Tax also vary state to state. 

Number of Installments available in choice to make payment:

  • 6
  • 9
  • 12
  • 18 and
  • 24

Note : Reach out to your credit card issuing bank for detailed information cum explanation.

To conclude, Credit Card EMI Calculator is in basic concept, a tool to enable the use of credit card in such a way that it could meet credit card owner expectations by giving him an option to clear the large transaction dues over a period of time, in a comfortable manner. But be cautious about you making this facility a habit.