Credit Card EMI Calculator - Calculate EMI | Viva Money
Smart Way to Plan Your Credit Card Payments
Quickly check your EMIs
Get accurate interest rates
Use it online for free
Easily plan your monthly budget
Get instant results in seconds
What is a Credit Card EMI Calculator?
A credit card EMI calculator is an online tool that assists you in finding out your monthly payments when the credit card bill gets converted into EMIs. It shows the monthly EMI, the total interest, and the overall repayment amount on the basis of loan amount, interest rate, and tenure. Whether you're buying a phone or booking a trip, this tool helps you make better financial decisions.
How to Use the Credit Card EMI Calculator
Using our credit card EMI calculator is super easy. Just follow these 3 steps:
- Enter Your Loan Amount
- Select Tenure
- Check Interest Rate
That’s it! You’ll instantly see your monthly EMI, total interest, and the overall amount payable.
Calculating Interest on EMI
Wondering how your interest is calculated? The credit card interest calculator uses this formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
Where:
- P = Principal loan amount
- R = Monthly interest rate
- N = Loan tenure (in months)
Worry about the math? Chill! Our calculator does all the work and shows you the results in real time!
Advantages of Credit Card EMI Calculator
FAQs
Instantly withdraw money from your credit limit of up to ₹2,00,000! No paperwork, ever
