SBI Credit Card EMI Calculator

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MONTHS
%
Yearly/monthly repayment schedule
2025
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Mar20,00,00067,38845,72121,66719,54,279
Apr19,54,27967,38846,21721,17119,08,062
May19,08,06267,38846,71720,67118,61,345
Jun18,61,34567,38847,22320,16518,14,122
Jul18,14,12267,38847,73519,65317,66,387
Aug17,66,38767,38848,25219,13617,18,135
Sep17,18,13567,38848,77518,61316,69,360
Oct16,69,36067,38849,30318,08516,20,057
Nov16,20,05767,38849,83717,55115,70,220
Dec15,70,22067,38850,37717,01115,19,843
2026
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan15,19,84367,38850,92316,46514,68,920
Feb14,68,92067,38851,47515,91314,17,445
Mar14,17,44567,38852,03215,35613,65,413
Apr13,65,41367,38852,59614,79213,12,817
May13,12,81767,38853,16614,22212,59,651
Jun12,59,65167,38853,74213,64612,05,909
Jul12,05,90967,38854,32413,06411,51,585
Aug11,51,58567,38854,91212,47610,96,673
Sep10,96,67367,38855,50711,88110,41,166
Oct10,41,16667,38856,10911,2799,85,057
Nov9,85,05767,38856,71610,6719,28,341
Dec9,28,34167,38857,33110,0578,71,010
2027
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan8,71,01067,38857,9529,4368,13,058
Feb8,13,05867,38858,5808,8087,54,478
Mar7,54,47867,38859,2148,1746,95,264
Apr6,95,26467,38859,8567,5326,35,408
May6,35,40867,38860,5046,8845,74,904
Jun5,74,90467,38861,1606,2285,13,744
Jul5,13,74467,38861,8225,5664,51,922
Aug4,51,92267,38862,4924,8963,89,430
Sep3,89,43067,38863,1694,2193,26,261
Oct3,26,26167,38863,8533,5342,62,408
Nov2,62,40867,38864,5452,8431,97,863
Dec1,97,86367,38865,2442,1441,32,619
2028
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan1,32,61967,38865,9511,43766,668
Feb66,66867,38866,6667222
EMI payable
Total Interest
Payable amount

The State Bank of India offers convenient yet flexible EMI options to repay your credit card bills. You can use the SBI credit card EMI calculator to understand and select the best repayment option by entering details such as interest rate, current outstanding balance, and repayment tenure. 

This online tool assists with smart financial planning, ensuring smooth EMI management without affecting existing or future cash flows. Keep reading to explore its features, benefits, and how to use it effectively.

How Does SBI Credit Card EMI Calculator Work?

SBI Credit Card EMI Calculator is an online tool that assists you in calculating approximate monthly instalments while transforming your credit card due amount into pocket-friendly EMIs. By entering crucial information such as the amount owed, interest charged, and tenor, it quickly calculates the EMI and organises finances accordingly. 

How To Use SBI Credit Card EMI Calculator?

The SBI credit card loan EMI calculator is a friendly, easy-to-use financial tool. Entering a few basic details provides all the necessary information. 

  • Enter the principal amount. 
  • Choose the desired loan tenure.
  • Select the relevant interest rate.
  • The calculator will automatically display the total interest rate, monthly EMI and the total amount payable.

Formula For Calculating SBI Credit Card EMI

The SBI credit card EMI calculator formula used for calculation is:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

where,

  • P = Principal amount
  • R = Interest rate per month (divide the annual interest rate by 12)
  • N = Number of monthly instalments or loan tenure in months

Let us assume you buy products worth Rs. 1.5 lakhs using your SBI Credit card. You wish to pay in the form of EMI for 2 years against the APR of 15%. Then, you can apply the EMI formula as presented below in the form of the following steps:

P = Rs. 1,00,000 
R = 15% p.a.
N = 2 years (24 months)

Hence, your total interest for the tenure will be Rs. 16,368, and your monthly EMI will be calculated as Rs. 4,849. Your overall amount will be Rs. 1,16,368.

Advantages Of SBI Credit Card EMI Calculator

The several benefits of using the SBI credit card EMI calculator are as follows:

  • Flexible Usage: This calculator's frequency of use is unlimited. You can use it as often as you want and whenever you want.
  • Convenient: The SBI credit card EMI calculator provides a user-friendly interface with parameters that are easy to understand. Anyone can operate this financial tool with ease without requiring in-depth financial knowledge.
  • Free of Cost: The SBI credit card EMI interest rate calculator is free of charge. After entering the details, you do not need to pay any charges. In addition, no subscription is required because it is available online.
  • Error-Free Results: Using SBI’s credit card EMI calculator can minimise the chances of manual errors. There is an algorithm this calculator follows for accurate calculation of the values. Moreover, it provides a detailed summary of the monthly EMI amount, total loan amount to be paid, and interest payable. 
  • Hassle-Free Financial Planning: The EMI calculator gives you a comprehensive breakdown of the total amount, enabling better financial planning.

Factors Affecting SBI Credit Card EMI

Several essential factors must be considered when converting your due amounts into EMIs. Following is a clear summary of the same :

  • Principal Amount: Converting the amount of loan taken into EMI greatly determines your monthly instalment. A high principal amount results in higher EMIs. Therefore, effectively using your credit card and timely payment of bills can assist in reducing the principal amount.
  • Repayment Tenure: A longer repayment period decreases the EMI value, but the amount of interest to be paid rises. In contrast, a shorter period leads to heavy EMI instalments but lessens the interest expenses.
  • Interest Rate: A higher interest rate increases your EMI load. Therefore, it is recommended that you compare interest rates and select a plan that allows for the affordability of your future instalments.
  • Type of Interest Rate: Selecting the appropriate interest rate—fixed or floating—is essential. Picking a fixed interest rate guarantees constant payments, whereas floating interest rates may lead to fluctuations in the EMI amount.
  • Prepayment: Prepaying part of the loan decreases the outstanding principal, which changes the repayment period and decreases the remaining EMIs. This is a good strategy for reducing interest expenses.

SBI Credit Card Interest Rates and Tenure

The State Bank of India offers several options for credit card interest rates and repayment tenure to customers, depending on the type of credit card:

  • Tenure: The credit card EMIs of SBI range between 6 to 36 months
  • EMI amount Interest Rates: The interest rates applicable for the SBI credit card EMI amount range from 10.50% to 22% per annum.
  • Interest-Free Period: Depending on the type of credit card, SBI offers EMI payment options lasting 20 to 50 days. 

Mistakes To Avoid Using SBI Credit Card EMI Calculator

Effective use of an EMI calculator allows you to estimate your monthly instalment precisely. However, any minor errors during the calculation procedure can result in inaccurate results. Here are the mistakes you should avoid for proper use of the SBI credit card EMI calculator:

  • Entering Wrong Values: Ensure you enter accurate interest rate, principal, and repayment period values. A single typing mistake can result in a considerable calculation error, giving a wrong EMI amount. 
  • Not Accounting for Additional Charges: The EMI calculator may not consider additional charges like processing fees or GST. If these are overlooked, the loan repayment amount could be underestimated. 
  • Disregarding Prepayment Terms: Prepaying or foreclosing loans can reduce overall costs; however, many loans impose foreclosure penalties. It is, therefore, crucial to review the prepayment terms before finalising your decision.
  • Avoiding Testing Various Scenarios: Test various scenarios rather than just one tenure to determine an EMI plan that fits your monthly budget and financial commitment.

The SBI Credit Card EMI Calculator is a critical tool that helps you transform your credit card payments into EMIs you can quickly pay. It provides proper estimates and lets you calculate different repayment situations, minimising financial tension and optimising your budgeting. You can make wise decisions and confidently enjoy economic security with a clear understanding of its inputs.

                                        Related Credit Card EMI Calculators
HDFC Credit Card EMI CalculatorICICI Credit Card EMI CalculatorAxis Bank Credit Card EMI CalculatorKotak Credit Card EMI Calculator

Frequently Asked Questions

What is the SBI credit card EMI calculator with GST?

The SBI credit card EMI calculator with GST is a financial tool that enables you to plan instalments on your transactions. It provides a detailed breakdown of the funds paid towards interest, principal, taxes, and other expenses. 

What is the SBI credit card EMI interest rate per month?

The SBI credit card EMI interest rate per month starts at 0.83%. 

How is SBI credit card EMI calculated?

The SBI credit card EMI is calculated considering the purchase amount, chosen repayment tenure, and interest rates. The formula used for calculation considers both interest rate and principal amount. The monthly EMI is significantly affected by loan amount and interest rates. 

What is the interest rate of SBI credit card EMI for 24 months?

The specific interest rate for converting your outstanding balance into EMIs over a 24-month period depends on the type of credit card you hold.

How to calculate minimum payment on SBI credit card?

The minimum payment on an SBI credit card is calculated considering several factors such as taxes, fees, charges, retail spending, cash advances, EMIs (Equated Monthly Installments), and over-limit amounts.

Which SBI credit card is best for EMI?

Among several options for SBI credit cards, SBI SimplySave Card and SBI Prime Card are considered the two best options for EMI. By opting for these two cards, you can go for easy EMI conversion. Moreover, these cards offer low rates of interest and flexible tenure with additional benefits such as rewards and cashback, making EMI payment easier. 

How to check SBI credit card EMI details?

Follow the below-mentioned ways to check SBI credit card EMI details:

  • SBI Card Website: Login to the SBI account, visit the MyCard details, and then proceed to view the details.
  • SBI Card Statement: Login to the respective SBI website, click on the 'View Statement' option, choose the statement date, and click on the 'Download' option.
  • SBI Card Mobile App: Log in to the mobile app with credentials and find the details in the Last Billed Summary section.
  • SBI EMI Calculator: Provide all detailed information in the calculator to determine your EMI and total interest amount.
  • SMS: Type the word “FP” from your registered contact number and send an SMS to 56767.

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