Credit card interest calculator
See what a credit card balance costs at Indian card rates, how long it takes to clear at the amount you pay each month, and what happens when the payment barely covers the interest.
Cleared in
1 year 1 month
Interest you pay
₹25,265
25% of the balance
Total paid
₹1,25,265
- The balance₹1,00,000(80%)
- Interest₹25,265(20%)
- Paying the usual 5% minimum - about ₹5,000 this month - would take 2 years 11 months.
- Card interest is charged from the transaction date once you carry a balance, and the interest-free period stops applying to new spends until it is cleared.
- GST at 18% on the interest is not included above.
Common questions
What rate do Indian credit cards charge?
Commonly 3 to 3.75 per cent a month, which is 42 to 45 per cent a year, plus GST on the interest. It is the most expensive borrowing most households ever do.
What is wrong with paying the minimum?
The minimum is usually about 5 per cent of the balance. On a large balance it barely covers the interest, so the debt hardly moves while the card keeps charging - which is exactly what this calculator shows when it says the balance never clears.
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This is general information for education, not investment, tax or legal advice. Rules and rates change; check the official source before acting. Read the full disclaimer.