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Credit Card EMI Calculator
Monthly EMI
₹4,584
Total Interest
₹5,008
Total Amount
₹55,008
Monthly Payment Breakdown
Amortization Schedule (Monthly)
| Month | EMI (₹) | Principal (₹) | Interest (₹) | Balance (₹) |
|---|---|---|---|---|
| 1 | 4,584 | 3,834 | 750 | 46,166 |
| 2 | 4,584 | 3,891.51 | 692.49 | 42,274.49 |
| 3 | 4,584 | 3,949.88 | 634.12 | 38,324.61 |
| 4 | 4,584 | 4,009.13 | 574.87 | 34,315.48 |
| 5 | 4,584 | 4,069.27 | 514.73 | 30,246.21 |
| 6 | 4,584 | 4,130.31 | 453.69 | 26,115.9 |
| 7 | 4,584 | 4,192.26 | 391.74 | 21,923.64 |
| 8 | 4,584 | 4,255.15 | 328.85 | 17,668.49 |
| 9 | 4,584 | 4,318.97 | 265.03 | 13,349.52 |
| 10 | 4,584 | 4,383.76 | 200.24 | 8,965.77 |
| 11 | 4,584 | 4,449.51 | 134.49 | 4,516.25 |
| 12 | 4,584 | 4,516.26 | 67.74 | 0 |
How Credit Card EMI Works?
EMI (Equated Monthly Installment) is the fixed payment you make every month to repay your credit card balance converted to EMI. It consists of both principal and interest components.
- In the initial months, the interest component is higher, and the principal component is lower.
- As you keep paying EMIs, the principal component increases, and the interest component decreases.
The charts and table above help you visualize your repayment journey, showing how much you pay towards interest and principal each month.
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