Credit Card Payoff Calculator
Find how long to clear your balance and how much interest you'll pay
Most Indian credit cards charge 36–42% per annum (3–3.5% per month)
Must be more than the monthly interest to reduce the balance
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Time to pay off
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Total interest paid
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Total amount paid
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Monthly interest
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Interest as % of balance
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Credit Card Debt Tips
Why is credit card interest so high?
Credit cards in India charge 36–42% per annum, making them the most expensive form of borrowing. Even a ₹50,000 balance can cost ₹18,000+ in interest per year if only minimum payments are made.
Minimum payment trap
Paying only the minimum due (typically 5% of balance or ₹200, whichever is higher) keeps you in debt for years and costs a fortune in interest. Always pay more than the minimum — ideally the full outstanding amount each month.
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