Credit Card Interest & Minimum Due Calculator

See how much interest you pay if you only make the minimum due payment on your credit card, and how much a bigger fixed payment could save you.

Your credit card details

Outstanding balance

Annual interest rate (APR %)

Minimum due (%)

The minimum due never falls below this amount, regardless of balance.

Minimum due floor

Monthly payment plan

Optional. Assumed 0 by default.

New spending per month

What paying only the minimum costs you

Total interest if you pay only the minimum due

₹86,319

Paid off in 170 months

Outstanding balance over time

Frequently asked questions

Credit card interest rates in India typically run 36-42% a year, far higher than most loans. When you pay only the minimum due, most of that payment goes toward interest rather than reducing your actual balance, so the debt lingers and keeps accruing interest at that high rate for a long time.

Banks typically set minimum due at 3-5% of your outstanding balance, subject to a flat minimum amount (often around ₹200-500) even if the percentage works out to less. This means the minimum due shrinks as your balance shrinks, which is part of why minimum-due-only repayment takes so long.

Yes, especially at high credit card interest rates. Because the payment is a percentage of a shrinking balance, the amount you pay each month keeps getting smaller too, which can stretch repayment out for years and multiply the total interest paid several times over the original balance.

New spending adds directly to your outstanding balance and starts accruing interest immediately, since most Indian credit cards lose their interest-free period on new purchases once you are carrying a balance from a previous month. This can make it feel like your balance never goes down even while you are making payments.

If your fixed monthly payment is less than or close to the interest charged each month, the balance can grow instead of shrink, or shrink so slowly it never realistically clears. This calculator flags that case directly rather than showing a misleadingly long payoff time.

Pay more than the minimum due whenever you can, ideally the full statement balance each cycle to avoid interest entirely. If you are carrying a large balance, consider a balance transfer to a lower-interest card or a personal loan, which usually charges a much lower rate than credit card debt.

Popular scenarios

₹50.0K / 40% APR

₹86,319 interest (min due)

₹1.0L / 40% APR

₹1,77,229 interest (min due)

₹50.0K / 36% APR

₹66,375 interest (min due)

₹25.0K / 42% APR

₹46,856 interest (min due)

Related calculators

Interest compounds monthly on your outstanding balance. Minimum due is recalculated against your current balance each month and never falls below the floor amount. Actual card terms vary by issuer, check your card's statement for the exact rate and minimum due formula.

Credit Card Interest & Minimum Due Calculator

See how much interest you pay if you only make the minimum due payment on your credit card, and how much a bigger fixed payment could save you.

Your credit card details

Outstanding balance

Annual interest rate (APR %)

Minimum due (%)

The minimum due never falls below this amount, regardless of balance.

Minimum due floor

Monthly payment plan

Optional. Assumed 0 by default.

New spending per month

What paying only the minimum costs you

Total interest if you pay only the minimum due

₹86,319

Paid off in 170 months

Outstanding balance over time

Frequently asked questions

Popular scenarios

₹50.0K / 40% APR

₹86,319 interest (min due)

₹1.0L / 40% APR

₹1,77,229 interest (min due)

₹50.0K / 36% APR

₹66,375 interest (min due)

₹25.0K / 42% APR

₹46,856 interest (min due)

Related calculators

Credit Card Interest & Minimum Due Calculator

Frequently asked questions

Why does paying only the minimum due cost so much in interest?

What is the minimum due amount, and how is it calculated?

Is it true that paying only the minimum due can take years to clear a balance?

What happens if I keep spending on the card while carrying a balance?

What if my fixed payment plan never pays off the balance?

What is the fastest way to reduce credit card interest cost?

Credit Card Interest & Minimum Due Calculator

Frequently asked questions

Why does paying only the minimum due cost so much in interest?

What is the minimum due amount, and how is it calculated?

Is it true that paying only the minimum due can take years to clear a balance?

What happens if I keep spending on the card while carrying a balance?

What if my fixed payment plan never pays off the balance?

What is the fastest way to reduce credit card interest cost?