Use our Phone EMI Calculator to instantly calculate your monthly EMI, total interest, processing fee, and total payable amount for smartphones in India. This tool supports Retail POS EMI, Bank Card EMI, and Loan-based EMI with a detailed amortization table.
What You Can Calculate
- Monthly EMI based on phone price and down payment
- Applicable interest rate (p.a.) for different lenders
- Total interest payable over the tenure
- Processing fee (fixed or percentage-based)
- Total payable amount including interest and fees
- Month-by-month EMI breakdown with an amortization table
Supported EMI Categories
- Retail POS EMI: Bajaj Finserv, Home Credit, TVS Credit
- Bank Card EMI: SBI, HDFC, ICICI, Axis, IDFC
- Loan EMI: Hero FinCorp, ZestMoney
How This EMI Calculator Works
- Enter the phone price and your down payment.
- Select an EMI category (Retail, Bank, or Loan).
- Choose your lender and tenure (3–36 months).
- Click Calculate EMI to see detailed results.
- View the month-by-month amortization table for full repayment details.
Why Use This EMI Checker?
Unlike basic calculators, this tool factors in lender-specific interest rates and processing fees, giving you a realistic EMI estimate before purchasing a smartphone. It helps you compare EMI options across banks and NBFCs so you can choose the most affordable plan.
Best For
- Users planning to buy a smartphone on EMI
- Comparing Retail POS vs Bank Card EMI
- Budget planning before purchase
- Understanding interest and repayment structure
Frequently Asked Questions
What is the Phone EMI Calculator?
It is an online tool that helps you calculate smartphone EMI based on phone price, down payment, lender, and tenure. It also shows interest, processing fee, total payable amount, and a month-by-month amortization table.
Which EMI types are supported?
The calculator supports three EMI types: Retail POS EMI, Bank Card EMI, and Loan-based EMI.
Which lenders are available?
Retail POS EMI includes Bajaj Finserv, Home Credit, and TVS Credit. Bank Card EMI includes SBI, HDFC, ICICI, Axis, and IDFC. Loan EMI includes Hero FinCorp and ZestMoney.
How is processing fee calculated?
Processing fee can be either fixed or percentage-based depending on the lender. For percentage-based fees, minimum and maximum limits may apply.
Are these EMI results final?
No. EMI values are indicative. Actual interest, GST, or other charges may vary by lender.
How do I see the amortization table?
After calculating EMI, click the “Show Amortization Table” button to view the month-by-month breakdown.
Comments