SBI Credit Card EMI Calculator

SBI Credit Card EMI Calculator

Calculate Monthly EMIs for SBI Credit Card Transactions

The SBI Credit Card EMI Calculator helps you estimate your monthly installment (EMI), total interest payable, and overall repayment amount when you convert a credit card transaction into EMIs using your SBI Credit Card. It is a valuable tool to help you plan large purchases while managing your monthly budget.

What Is SBI Credit Card EMI?

SBI offers an EMI facility on eligible credit card purchases, allowing you to pay in easy monthly installments instead of a one-time payment. You can select a suitable tenure and interest rate, and the EMI gets added to your monthly credit card bill.

Key Features

• Minimum transaction amount: ₹2,500 or more (may vary by offer)
• Tenure options: 3 to 24 months
• Interest rate: Typically ranges from 13% to 22% p.a.
• Processing fee: 0–2% depending on the offer
• Foreclosure: Allowed with applicable charges (typically 3% of the balance)

How the SBI Credit Card EMI Calculator Works

Inputs Required

• Transaction amount
• Interest rate (annual)
• Tenure (in months)

Formula Used

EMI = [P × r × (1 + r)ⁿ] / [(1 + r)ⁿ – 1]

• P: Purchase amount
• r: Monthly interest rate = annual rate ÷ 12 ÷ 100
• n: Tenure in months

Output Provided

• Monthly EMI
• Total interest payable
• Total repayment amount (principal + interest)

Example

If you convert a ₹30,000 SBI credit card purchase into a 12-month EMI at 15% p.a.:

• Monthly EMI: ₹2,707
• Total repayment: ₹32,484
• Total interest: ₹2,484

Benefits of Using the SBI Credit Card EMI Calculator

• Plan large purchases with ease
• Understand your total repayment in advance
• Compare different tenure and interest options
• Avoid surprises in your credit card bill

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.