See what paying only the minimum due on a credit card really costs.
Paying only the minimum (5% of the balance) on a ₹1,00,000 balance at 42% APR takes 20 years 8 months and costs ₹2,26,999.56 in interest.
The minimum amount due on a credit card is designed to be small, so the balance shrinks very slowly while interest keeps being added. Enter your balance, the APR, the minimum due percentage and any payment floor to see how long it would take to clear the card and what it costs — compared with paying a fixed amount each month.
Paying a fixed amount equal to your first minimum clears the card much sooner and saves a lot of interest. For a payoff plan see the Credit Card Payoff Calculator; for several debts use the Debt Payoff Calculator.
The calculator applies the standard financial formulas step by step.
| Item | Value |
|---|---|
| Starting balance | ₹1,00,000.00 |
| First minimum payment | ₹5,000.00 |
| Months at minimum payments | 248 |
| Interest at minimum payments | ₹2,26,999.56 |
| Total paid at minimum payments | ₹3,26,999.56 |
| If you paid ₹5,000.00 every month instead: time | 2 years 11 months |
| … and interest | ₹74,988.98 |
| Case | Time to clear |
|---|---|
| APR 24% | 11 years |
| APR 36% | 15 years 11 months |
| APR 42% | 20 years 8 months |
| Minimum 10% | 5 years 11 months |
| Balance ₹2,00,000 | 24 years 6 months |
The smallest payment you must make to avoid late fees — usually a percentage of the balance (often 5%) or a fixed floor.
Interest is added every month, so most of the payment goes to interest at first and the balance falls slowly.
Often more than the original balance in interest over many years. The calculator shows the exact figure.
Pay a fixed amount at least equal to your first minimum, or more; pay the full statement balance to avoid interest.
If you pay the full statement balance by the due date, new purchases usually carry no interest. Revolving a balance removes it.
Yes. As the balance falls, the percentage-based minimum falls too, until it hits the floor.
It uses the standard formula: minimum due = max(floor, balance × %) interest = balance × APR ÷ 12 The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
