When to Convert Large purchases ( ₹10,000) No cost EMI available Cash flow constraints
Cost Comparison Option Cost Pay full ₹0 No cost EMI Processing fee (~1 2%) Regular EMI 12 18% interest Revolving credit 36 42% interest
Impact on Credit Increases utilization Adds to monthly obligations Shows responsible usage if paid on time
StatementGPT tracks EMI conversions and calculates total interest paid.