Credit Card Minimum Due Calculator
See how long it takes to pay off a credit card balance paying only the minimum due.
Details
Result
Time to Clear
14.3 yrs (172 mo)
Total Paid
₹2,95,499
Interest Paid
₹1,95,499
Interest as % of Principal
195%
The minimum due trap
Paying only your credit card minimum due is one of the most expensive financial mistakes you can make. At the typical 3.5% monthly (~42% APR) interest, a ₹1 lakh outstanding balance can take 20+ years to clear and end up costing 3-4× the original amount. Always pay the full statement balance, or at minimum, transfer to a personal loan at 11-14%.
Frequently Asked Questions
Everything you need to know, in one place.
Is paying only the minimum due bad?
Yes. Paying only the minimum due at ~40% APR means a ₹1 lakh balance can take 20+ years to clear and cost 3-4× the original amount in interest.
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