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ICICI Bank Credit Card EMI Rate & Conversion Cost

Credit-card EMI inputs
Monthly EMI (with GST)
₹4,929
Total interest
₹7,750
GST on interest
₹1,395
Processing fee + GST
₹590
Total cost
₹59,735

ICICI Bank credit-card EMI rate (2026-05-04)

ICICI Bank converts large transactions to EMI at flat-rate interest of 13% – 18% p.a., with a one-time processing fee of 1% plus 18% GST. The flat-rate disclosure means the effective APR (reducing-balance equivalent) is approximately 27.9% at typical 12-month tenures.

For the math behind the conversion (and why a flat 14% ≈ 25% reducing-balance APR), see our universal credit-card EMI calculator and flat vs reducing comparison.

Use the calculator above

Enter your purchase amount, the rate ICICI Bank quotes you, the tenure, and the processing fee from your offer. The widget shows: monthly EMI (with GST), total interest, GST on interest, processing fee + GST, and total cost.

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Frequently Asked Questions

What is the ICICI Bank credit card EMI rate?
13%–18% per annum (flat-rate, not reducing-balance). At an average 15.50% flat over 12 months, the effective APR (reducing-balance equivalent) is approximately 27.9%.
How is ICICI Bank credit-card EMI calculated?
Per-month interest = principal × (annual flat rate / 12 / 100); per-month principal = principal / tenure; EMI = these two added; plus 18% GST on each EMI's interest portion; plus a 1% one-time processing fee + 18% GST on it.
Is ICICI Bank credit-card EMI cheaper than a personal loan?
Almost never. ICICI Bank's credit-card EMI flat rate of 13%–18% translates to approximately 23.4%–32.4% APR — comparable to or higher than ICICI Bank's personal loan rate. Convert to credit-card EMI only when speed-to-disburse outweighs cost (it's instant) or for amounts under ₹50K where personal-loan paperwork doesn't justify itself.
Compliance disclaimer

Loan rates and terms shown are sourced from public bank disclosures; actual rates depend on credit profile, loan amount, and lender underwriting. This page is educational and does not guarantee loan approval or terms.

About this calculator

Reviewed by Jayesh Jain, AMFI Registered Mutual Fund Distributor (ARN-286359 — verify ).

Last reviewed: 2026-05-04

Formula source: ICICI Bank MITC document on credit-card EMI conversion

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