Credit Card Interest: When a Fixed Payment Is Too Low
A 1 lakh balance with a fixed monthly payment set too low to ever clear it, illustrating the "never paid off" warning.
On a ₹1,00,000 balance at 40% APR, paying only the minimum due costs ₹1,77,229 in interest, taking 208 months to clear.
- Outstanding balance
- ₹1,00,000
- Interest rate (APR)
- 40%
- Payment plan
- Fixed ₹3,000
Total interest if you pay only the minimum due
₹1.77 Lakh
₹1,77,229
Paid off in 208 months
Related questions
Home Affordability Calculator
Find the maximum property price you can afford based on your income, existing EMIs, and loan terms.
Rent vs Buy Calculator
Compare the true long-term cost of renting vs buying a home, with breakeven analysis and city-specific data.
Rental Yield Calculator
Check whether a property rental income justifies its price with gross and net rental yield.
Debt Payoff Calculator: Snowball vs Avalanche
Compare the snowball and avalanche debt payoff methods: total interest paid, months to debt-free, and payoff order.
Interest compounds monthly on the outstanding balance. Minimum due is recalculated against the current balance each month and never falls below the floor amount. Actual card terms vary by issuer.