About emi vs full payment calculator
Should you pay the full price today or buy on EMI? The calculator compares both and shows the extra you pay on EMI.
What to weigh
- Total EMI payments compared with the cash price.
- What your cash could earn if kept invested or in a savings account.
- Whether the seller gives a discount for full payment.
A rule of thumb
If the EMI costs more in interest than you would earn on the money, paying in full is cheaper, provided you keep enough emergency savings.
A worked example
A phone priced at ₹60,000 can be bought with 12 EMIs of ₹5,400, which totals ₹64,800 and costs ₹4,800 more than paying in full. If you can earn more than that by keeping ₹60,000 invested, EMI makes sense. Otherwise paying upfront wins.
Also consider
Cashback for full payment, EMI fees, and whether the cash you save is actually earning interest or would be spent elsewhere.
