Credit Cards
Credit Card Interest Calculator
Simulates paying off a credit card balance at a fixed monthly payment, showing how long it takes and the total interest cost.
Your details
₹
%
₹
Months to pay off
13
Total interest paid
₹10,338
Paying ₹5,000/month clears your ₹50,000 balance in about 13 months, costing ₹10,338 in interest.
Credit card APRs of 30%+ are common in India but extremely expensive — a personal loan or balance transfer at a lower rate is often worth exploring.
How this is calculated
Each month: interest = balance × (APR ÷ 12); balance = balance + interest − payment; repeated until the balance reaches zero.
Want to understand this better?
How to Use a Credit Card Without It Using You
Frequently asked questions
Why is credit card interest so high?
Credit cards are unsecured, revolving credit with high default risk for the issuer — APRs of 30–48% are standard in India, far above secured loans.
What happens if I only pay the minimum due?
You stay in the debt cycle far longer and pay dramatically more interest — see our Minimum Due Payment Trap Calculator for exactly how much more.
Is a balance transfer worth it?
Often yes, if the new card or loan offers a meaningfully lower rate — see our Balance Transfer Savings Calculator.