Credit Cards
EMI Conversion
Split a purchase into monthly instalments, usually with interest.
No-cost EMI means the merchant absorbs the interest; standard EMI charges 12–16% annualised plus processing and GST. Tenure lengthens the interest tail — a 24-month EMI roughly doubles the interest of a 12-month one. Compare the total, not the monthly.
Example
₹60,000 at 14% over 12 months costs ~₹4,600 in interest; over 24 months ~₹9,200.