PL vs Credit Card EMI
Compare taking a personal loan versus converting your credit card balance to EMI, factoring in the 18% GST trap.
Quick Summary: PL vs Credit Card EMI
Converting a credit card balance to EMI usually costs 15-20% interest plus 18% GST on each EMI's interest component. In FY 2026-27, a personal loan at 12-14% is almost always cheaper as it carries a lower base rate and avoids the ongoing GST 'interest trap' associated with credit card financing.
How to use the PL vs Credit Card EMI
- 1
Enter Balance Amount
Input the amount you wish to finance or convert to EMI.
- 2
Compare Interest Rates
Input the offered Personal Loan rate vs the Credit Card EMI rate.
- 3
Factor in GST
The tool automatically adds 18% GST to the credit card interest to show the true effective cost.
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Regulatory Disclaimer
Last verified May 2026
Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.
Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."
Consult a SEBI-registered IA or CA for personalised advice.
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