About this tool
Compare an advertised instalment offer with the entered discount, interest and fee assumptions. Review the total outflow and any foregone upfront discount before judging the actual cost of the offer.
Calculations and file processing run in this browser tab. The tool does not send working inputs or files to our hosting server.
मुख्य इनपुट और नियंत्रण हिंदी में देखने के लिए ऊपर “🇮🇳 हिंदी में देखें” चुनें। गणना और फ़ाइल प्रोसेसिंग इसी ब्राउज़र टैब में होती है; टूल आपके इनपुट हमारी होस्टिंग पर नहीं भेजता।
Features
- Work with Product Checkout Price (₹); No-Cost EMI Tenure (Months); Bank Card EMI Interest Rate (% p.a.).
- Review Base Monthly EMI; Upfront Interest Subvention; 18% GST on Interest Component in the result breakdown.
Benefits
- Make fees and discount assumptions visible.
- Compare an instalment scenario with an upfront-payment price.
Who should use this tool?
- Shoppers reviewing a purchase offer.
- People checking instalment-cost arithmetic.
How to use
- Complete the labelled fields for your scenario, including Product Checkout Price (₹); No-Cost EMI Tenure (Months); Bank Card EMI Interest Rate (% p.a.). Use the units shown beside each field.
- Try the example labelled “₹60,000 Smartphone on 6-Month No-Cost EMI (16% Rate, ₹199 Fee)” if you want to check the workflow first.
- Select Calculate / Run Tool and review True Hidden Cost of "No-Cost EMI" and Base Monthly EMI; Upfront Interest Subvention.
- Check the assumptions and limitations below. Adjust a value to compare scenarios, then copy or download the result you need.
Try these worked examples
| Scenario | Example inputs | Example result |
|---|---|---|
| ₹60,000 Smartphone on 6-Month No-Cost EMI (16% Rate, ₹199 Fee) | Product Checkout Price (₹): 60000No-Cost EMI Tenure (Months): 6Bank Card EMI Interest Rate (% p.a.): 16Bank EMI Processing Fee (Excl. GST) (₹): 199 | ₹721.42 Extra (Total Outflow: ₹60,721.42) |
| ₹45,000 Laptop on 9-Month No-Cost EMI (15% Rate, ₹299 Fee) | Product Checkout Price (₹): 45000No-Cost EMI Tenure (Months): 9Bank Card EMI Interest Rate (% p.a.): 15Bank EMI Processing Fee (Excl. GST) (₹): 299 | ₹836.71 Extra (Total Outflow: ₹45,836.71) |
Reference and processing
RBI Circular on Zero Percent / No-Cost EMI & CGST Act 18% GST on Loan Interest Discount · Listed applicability: 2025-2026
Calculations and file processing run in this browser tab. The tool does not send working inputs or files to our hosting server.
FAQs
Does the phrase no-cost EMI mean there are no other charges?
Read the actual offer and card or loan terms. Processing fees, applicable taxes, lost discounts and other conditions can affect the final amount paid.
Which inputs do I need for No-Cost EMI True Cost Calculator (Upfront Discount vs 18% GST on Interest + Fee)?
Use Product Checkout Price (₹); No-Cost EMI Tenure (Months); Bank Card EMI Interest Rate (% p.a.); Bank EMI Processing Fee (Excl. GST) (₹). The built-in examples show how those fields fit together.
What should I check before using this result?
Loan interest itself is GST-exempt, EXCEPT on Credit Card EMI where 18% GST is levied on the monthly interest component and processing fee. Check current official rules and your own circumstances before making a filing or financial decision.
What happens to the information I enter?
Calculations and file processing run in this browser tab. The tool does not send working inputs or files to our hosting server. Tool favourites save only tool IDs in this browser. Sharing sends the tool link, not your working values or files.