Credit Card Interest Calculator
See the true cost of carrying a balance — or paying only the minimum due. Most people are shocked by the answer.
Most Indian cards charge 3.4–3.75%/month (≈41–45% a year). Check your statement's "finance charge" rate.
Paying only the minimum due
Time to clear
15y 5m
Total interest paid
₹99,095
On a ₹50,000 balance, you'll end up paying ₹1,49,095 in total — that's ₹99,095 in interest alone (198% of what you borrowed). Paying only the minimum is how banks keep you in debt for years.
Effective annual rate: 42.0% — higher than almost any personal loan.
Why paying the minimum is a trap
The "minimum due" (usually 5%) is designed to keep you paying interest as long as possible. Most of your minimum payment goes to interest, barely touching the principal. Whenever you can, pay the total amount due — or as much above the minimum as possible.
Know every charge before it hits you
Read our guide to hidden credit card charges and which ones you can dispute.
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Note: This calculator provides estimates using a simplified model of Indian credit card interest. Actual charges depend on your card's exact finance-charge rate, billing cycle, transaction dates, GST on interest (18%), and minimum-due formula, which vary by issuer. It's a guide to understand the scale of interest costs, not an exact figure. Always check your card's MITC (Most Important Terms & Conditions) and statement. Not financial advice.