Calculate how long it takes to pay off your credit card and how much interest you pay.
| Total Interest Paid | — |
| Total Amount Paid | — |
| Minimum Payment Interest (comparison) | — |
Indian credit cards charge 36-42% annual interest on outstanding balances. Paying only the minimum due (2-5% of balance) can take decades to clear the full balance and cost several times the original debt in interest.
Q: What is minimum due on Indian credit cards?
A: Minimum due is typically 5% of outstanding balance or ₹200, whichever is higher. Paying only minimum due extends repayment and accumulates huge interest. Always pay full outstanding by the due date.
Q: What happens if I miss a credit card payment?
A: Late payment fee (₹500-1,300), interest charged from transaction date, CIBIL score impact, and potential account blocking. Always set auto-pay for at least minimum due.
Calculatr