Credit Card Interest Calculator
Calculate your credit card loan EMI, APR, and total payment breakdown
Credit Card Loan Details
= ₹300
Credit Card Interest Calculator FAQs
❓What is APR in credit card loans?
APR (Annual Percentage Rate) represents the total cost of borrowing, including interest rate and processing fees, expressed as an annual percentage. It helps you compare the true cost of different loan options.
❓How is GST calculated on credit card interest?
GST of 18% is applicable on the interest amount payable. The calculator automatically calculates GST on interest separately and includes it in the total amount payable.
❓What is the difference between processing fee as percentage and amount?
Processing fee can be charged as a percentage of the transaction amount (e.g., 2% of ₹15,000 = ₹300) or as a fixed amount (e.g., ₹500). The calculator supports both methods and automatically calculates GST on processing fees.
❓Is this calculator accurate for all banks?
This calculator provides estimates based on standard credit card loan calculations. Actual rates, processing fees, and terms may vary by bank. Always verify with your bank for exact charges and terms.
❓Is this calculator free to use?
Yes, this credit card interest calculator is completely free to use with no registration required.