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RBL Credit Card EMI Calculator

Loan Amount

Interest rate

%

1%

15%

Loan Duration

Yrs

1 Yr

30 Yrs

EMI

0

Principal Amount

Interest

Total Payable

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What Is the Online RBL Credit Card EMI Calculator?

A credit card is a useful financial tool that helps to make purchases for which you can pay later. You can utilize the predetermined credit limit within a specified period and pay the bill by the set due date. It helps you get rewards and additional perks alongside helping you build a credit history and unlocking other advantages.

While you can pay without interest by the due date, sometimes you may not have enough to clear it. In such cases, you can convert your purchases into EMIs which you have to pay on a monthly basis. This facility is also available on RBL credit cards. However, to estimate how much you will pay monthly, you need the RBL Bank credit card EMI calculator. This simple online tool facilitates quick and accurate estimations and helps you plan your finances so you can pay the debts in a structured manner to ensure better financial management.

How Does the RBL Credit Card EMI Calculator Work?

To calculate your EMI, you need to input the following details - loan amount, the rate of interest and repayment tenure. Once you enter these details, the calculator plugs them into the RBL credit card EMI calculator formula and generates a quick estimation of EMI and interest payable.

What Is the RBL Credit Card EMI Calculator Formula?

The RBL credit card EMI calculator formula is below:

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

Where,

  • P denotes the principal amount
  • R denotes the interest rate
  • N denotes repayment tenure

How To Use the Online RBL Credit Card EMI Calculator?

You just need to provide basic information to use the RBL credit card EMI calculator online, as mentioned below:

  • Amount: Input the amount you must pay to purchase or the total bill amount.
  • Interest rate: Input the interest rate the bank charges for the borrowed amount on your credit card. It is typically communicated when you purchase the product or service.
  • Repayment tenure: It is the period that you need to repay the borrowed funds. An eligible transaction can be converted into EMIs for a period of 3, 6, 9, 12, 18 or 24 months.

The online RBL credit card EMI calculator will calculate the EMI as per the input provided. Using this calculator, you can check the total interest payable during the tenure.

Let us understand how the RBL credit card EMI calculator works with an example:

Suppose you wish to convert a credit card purchase amount of Rs. 1 lakh to EMIs for 2 years. If the applicable interest rate is 7%, the online calculator will yield the following results:

- Monthly EMI: Rs. 4,477/-
- Principal amount: Rs. 1,00,000/-
- Total Interest: Rs. 7,454/-
- Total Amount: Rs. 1,07,454/-

Benefits Of Using the RBL Credit Card EMI Calculator

The RBL Credit Card EMI calculator allows you to reap several benefits. Using the calculator, you can:

  • Save time and effort: The EMI calculator is a digital tool that takes only a few seconds to show results. You need not do tedious and error-prone manual calculations to determine the EMI when you have access to the RBL credit card EMI calculator.
  • Make informed financial decisions: Online RBL credit card EMI calculator simplifies budgeting for you. You can compare different options and select tenure which matches your financial bandwidth.
  • Get accurate results: The calculator helps you get accurate results every time and thus enables you to make effective decisions.
  • Inculcate financial discipline: By getting an idea of how much you will pay monthly, you plan your finances better and ensure timely repayments. This helps you develop a greater sense of financial discipline. The RBL credit card EMI calculator encourages responsible borrowing and timely payments.

FAQs

What is the RBL credit card EMI calculator?

The RBL credit card EMI calculator is your key to financial planning. You can determine the monthly installments for your credit card purchases. Input the amount, tenure, and interest rate, and get instant estimates of the EMI you will need to pay.

How to use the online RBL credit card EMI calculator?

To use the online RBL bank credit card EMI calculator, visit the Angel One official website, and enter the purchase or bill amount as principal, rate of interest, and repayment tenure.

Is the RBL credit card EMI calculator free to use?

Yes, the RBL credit card EMI calculator on Angel One is free to use. With just a few clicks, you can calculate your EMI payments and plan your expenses accordingly.

Is it good to pay RBL credit card bills in EMI?

Paying credit card bills in EMI can be a good idea as it helps to make large purchases affordable, provided you make informed decisions considering the interest charges and processing fees.

Does RBL credit card EMI include GST?

The EMI displayed by the calculator doesn’t include GST but when converting your bill into EMI payments, additional GST will be applicable.

Can I modify the EMI amount for RBL credit cards?

No, once the credit card outstanding is converted into EMI, you cannot change the amount.

How is RBL credit card EMI calculated?

Credit card EMI is calculated using this formula: EMI = [P x R x (1+R) ^N]/ [(1+R) ^ (N-1)]. You can also use the RBL credit card EMI calculator available on Angel One website.

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Equity Delivery

Enjoy Zero Brokerage on Equity Delivery

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