Credit Card Minimum Due Calculator
Paying the minimum due feels safe; this calculator shows the years and interest it quietly costs, against a fixed payment plan.
Payoff timeline Interest comparison Balance decay chart
Card outstandingRs. 1,00,000
Card interest rate42% p.a. (3.50% monthly)
Minimum due5% of balance
Or, a fixed amount you could pay monthlyRs. 10,000
Paying minimum due: time to clear
20y 8m
Interest paid on minimum due
Rs. 2,27,000
Paying Rs. 10,000: time to clear
1y 1m
Interest at fixed payment
Rs. 25,265
How your balance falls: minimum due vs fixed payment
Minimum due turns Rs. 1,00,000 into Rs. 3,27,000 paid over 20 years and 8 months. Paying a fixed Rs. 10,000 clears it in 1 years 1 months and saves Rs. 2,01,734.
KharchaUdhar Insider Tip Paying minimum due also cancels the interest-free period on all new purchases. Every fresh swipe starts accruing interest from day one until the full balance is cleared. If you cannot pay in full, stop using the card entirely and convert the balance to EMI at 14 to 18% instead of revolving at 42%.
Assumes no new spends, GST on interest excluded, and a minimum payment floor of Rs. 200. Card rates of 36 to 48% p.a. are standard for revolving balances. Indicative only.
KharchaUdhar Insider Tip Minimum due has a second cost nobody mentions: it cancels the interest-free period on every new purchase until the full balance clears. If you revolve even once, stop swiping that card and route new spends elsewhere; otherwise each grocery run starts metering at 3.5% a month from day one.