Credit Card Interest Calculator
The true cost of revolving a credit card balance.
Credit card interest in India is charged at 3.0-3.75% per month, which compounds to 43-55% a year. Paying only the 5% minimum due on a ₹1,00,000 balance at 3.5% a month takes over 10 years and costs more than the original spend in interest.
Your Inputs
Effective annual rate
Time to clear
1 yr 1 mo
Total interest
₹25,265
How this works
Interest-free period disappears once you revolve
If you do not pay the full statement balance, you lose the grace period on new purchases too. Interest is then charged from the transaction date on everything, which is why partial payment is far worse than most cardholders assume.
The minimum due trap
The 5% minimum due mostly covers interest and fees. Paying only the minimum keeps the account current and protects your credit score, but the principal barely moves and the debt can outlive a decade.
Frequently asked questions
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