Credit card interest in India is among the highest of any financial product — typically 36–42% per annum (3–3.5% per month). Paying only the minimum (usually 5% of balance or Rs 500, whichever is higher) can take 9+ years to clear a Rs 50,000 balance and cost Rs 65,000+ in extra interest. This calcu...
or ₹500 min
Minimum: ₹2,500/mo · Monthly interest: ₹1,500
PAY OFF IN EXACTLY N MONTHS
MIN ONLY
9 yr 3 mo
₹65,499 interest
FIXED PAYMENT
2 yr
Save ₹45,139
⚠ Minimum only: 9 yr 3 mo · Costs ₹65,499 in interest
That's 131% of your original balance in interest alone
MIN ONLY INTEREST
₹65,499
FIXED PMT INTEREST
₹20,360
MIN ONLY MONTHS
9 yr 3 mo
FIXED PMT MONTHS
2 yr
✓ Save ₹45,139 interest · 7 yr 3 mo faster
PAYOFF TIMELINE
BALANCE OVER TIME (FIXED PAYMENT)
Min payment = max(₹500, {minPct} % of balance) · 36–42% typical CC rate
Single card mode: enter your outstanding balance, annual interest rate (check your card statement — typically 36–42%), and minimum payment percentage. See minimum-only timeline vs fixed monthly payment.
Set a fixed monthly payment and see instantly: how many months to pay off, total interest paid, and how much you save vs minimum-only payments.
Use the "Pay off by" targets to find exactly how much you need to pay monthly to clear the debt in 6, 12, or 24 months.
Multi-card mode: add up to 4 cards with different balances and rates. Set your total monthly budget and compare Avalanche (highest rate first) vs Snowball (lowest balance first) strategies.
Rahul has a Rs 50,000 credit card balance at 36% p.a. If he pays only the 5% minimum each month: it takes 111 months (9 years 3 months) and costs Rs 65,499 in interest. If he pays a fixed Rs 3,000/month instead: paid off in 24 months with Rs 20,360 in interest — saving Rs 45,139 and 87 months. To pay off in exactly 12 months: he needs to pay Rs 5,023/month.
Personal Loan EMI Calculator
Calculate instantly →
Car Loan EMI Calculator
Calculate instantly →
Student Loan Calculator
Calculate instantly →
Credit Card Minimum Payment Calculator
Calculate instantly →
Credit Card Interest Calculator
Calculate instantly →
Debt Consolidation Calculator
Calculate instantly →
Student Loan Payoff Calculator
Calculate instantly →
Min payment = max(₹500, min% of balance) · Interest = balance × rate/12 · Avalanche: highest rate first · Snowball: lowest balance first · Last updated: 29 April 2026 · Eagle-eyed accuracy for every calculation.