Credit Card Payoff Calculator
See how many months it takes to clear a credit card balance at a fixed monthly payment, and how much of that payment is interest.
Outstanding amount on the card
Indian cards commonly charge 30-45% p.a.
Fixed amount paid every month
Month-by-month payoff
| Month | Interest | Remaining |
|---|---|---|
| 1 | ₹3,333 | ₹97,333 |
| 2 | ₹3,244 | ₹94,578 |
| 3 | ₹3,153 | ₹91,730 |
| 4 | ₹3,058 | ₹88,788 |
| 5 | ₹2,960 | ₹85,748 |
| 6 | ₹2,858 | ₹82,606 |
| 7 | ₹2,754 | ₹79,359 |
| 8 | ₹2,645 | ₹76,005 |
| 9 | ₹2,533 | ₹72,538 |
| 10 | ₹2,418 | ₹68,956 |
| 11 | ₹2,299 | ₹65,255 |
| 12 | ₹2,175 | ₹61,430 |
| 13 | ₹2,048 | ₹57,478 |
| 14 | ₹1,916 | ₹53,393 |
| 15 | ₹1,780 | ₹49,173 |
| 16 | ₹1,639 | ₹44,812 |
| 17 | ₹1,494 | ₹40,306 |
| 18 | ₹1,344 | ₹35,650 |
| 19 | ₹1,188 | ₹30,838 |
| 20 | ₹1,028 | ₹25,866 |
| 21 | ₹862 | ₹20,728 |
| 22 | ₹691 | ₹15,419 |
| 23 | ₹514 | ₹9,933 |
| 24 | ₹331 | ₹4,264 |
| 25 | ₹142 | ₹0 |
Payoff time
25 months
Total interest
₹50,000
Total paid
₹1.5 Lakh
What a bigger payment saves
Raising the monthly payment cuts both the payoff time and the total interest — try it above. That saved interest is money that could compound in a SIP or RD instead.
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Calculator guide
How to use the Credit Card Payoff Calculator
Use this calculator to see how many months it takes to clear a credit card balance at a fixed monthly payment, and how much of that payment is pure interest.
Credit card payoff logic
Months solved from balance, monthly interest rate, and fixed monthly payment
- Balance is the current outstanding amount.
- Rate is your card's annual interest rate (APR) — Indian cards commonly charge 30-45% p.a.
- If the monthly payment doesn't exceed the interest accruing that month, the balance never shrinks.
Why credit card debt compounds fast
Indian credit cards commonly charge 3-3.75% interest per month — 36-45% annualised — far higher than any loan. Paying only the minimum due extends the payoff timeline dramatically and can mean paying more in interest than the original purchase price.
This calculator makes that cost visible: the same balance at a higher monthly payment can cut both the payoff time and the total interest substantially.
The PaisaProof angle
Carrying a revolving balance is the clearest case of money working against you instead of for you. Every rupee that goes to card interest is a rupee that can't compound in a SIP or RD instead — see the related calculators below for what that same payment could build if redirected.
Frequently asked questions
What interest rate should I use?+
Check your card statement — Indian credit cards typically charge 30-45% per annum on revolving balances, well above the minimum-due rate.
Why does my balance never go down at the minimum payment?+
If the minimum payment is close to or below the interest accruing that month, most or all of it goes to interest, not principal — the balance barely moves or grows.
Does this include new spending on the card?+
No. This assumes no new charges are added while the existing balance is paid off — adding new spending extends the payoff timeline further.