See the real cost of paying only minimum. Plan your payoff and expose the true cost of EMI conversions — with Indian bank rates pre-loaded.
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Create free account →India has over 108 million active credit cards, and 4 out of 10 users pay only the minimum amount due. At 36-48% annual interest, this means most of their payment goes to interest — not reducing the actual debt. A ₹1,00,000 balance can cost you ₹2,60,000+ if you only pay the minimum.
Indian banks charge 3-4% per month on revolving balances (unpaid amounts carried to the next month). The moment you miss paying the full statement amount, you lose the 45-50 day interest-free grace period — and interest is charged from the date of purchase, not the due date.
Banks set the minimum at just 5% of your balance. This keeps you paying for years while the bank earns maximum interest. Use the calculator above to see exactly how much you'll pay and how long it takes with different payment strategies.
For a complete understanding of credit card interest, CIBIL score impact, EMI hidden charges, and age-specific smart rules, read our Credit Card Awareness Guide.
This calculator is part of ArthaLearn's Finance Planning Suite. Explore more tools to take control of your finances:
