Slice Credit Card EMI Calculator

Slice Credit Card EMI Calculator

The Slice Credit Card EMI Calculator helps you accurately estimate your monthly repayment amount when converting your Slice credit card purchases into EMIs. Whether you’re planning to split a large purchase or manage ongoing credit repayments, this tool provides a clear breakdown of your EMI obligations based on tenure and interest rate.

How the Slice Credit Card EMI Calculator Works

This calculator uses key input details such as the loan amount (purchase value), interest rate, and repayment tenure to compute your EMI. It helps you compare different EMI plans offered by Slice and decide the most suitable one for your financial goals.

Key Inputs Required

• Purchase Amount: Total value of the transaction you want to convert to EMI
• Interest Rate (Annual): Slice typically offers interest-free EMI plans for 3 months, with interest-bearing EMIs ranging from 12% to 24% p.a. for longer tenures
• EMI Tenure: Duration of the repayment period (commonly 3, 6, 9, or 12 months)

EMI Calculation Formula

EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]

• P: Principal amount (purchase amount)
• R: Monthly interest rate (Annual rate ÷ 12 ÷ 100)
• N: Loan tenure in months

For 0% interest EMIs, the EMI is simply the total purchase amount divided by the number of months.

Benefits of Using the Calculator

• Instant Results: Get your EMI amount in seconds without manual math
• Compare Plans: Evaluate how different interest rates and tenures affect your repayment
• Financial Planning: Budget better by knowing your fixed monthly outgo

Example

• Purchase Amount: ₹30,000
• Interest Rate: 15% p.a.
• Tenure: 6 months
• EMI Output: ₹5,230 (approx.)
• Total Interest Paid: ₹1,380
• Total Payable: ₹31,380

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.